AINeutralFortune Crypto · Mar 46/10
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Top AI economist who found ‘significant and disproportionate impact’ on entry-level jobs finds link between robots and minimum wage hikes
Research analyzing data from 1992 to 2021 reveals a strong correlation between minimum wage increases and robot adoption, with a 10% wage hike leading to an 8% increase in automation. The study highlights how labor cost pressures drive businesses toward robotic solutions, particularly impacting entry-level employment opportunities.
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