General Discussion
In reply to the discussion: Let's pay 16 year olds $31.2k to sweep floors!!!! [View all]Major Nikon
(36,927 posts)Less than 5% of the population works for the minimum wage. If the economics become vastly more compelling the further up the pay scale you go, then folks making the most per hour should have the most to fear.
Trying to fight increases in productivity by holding wages down at the lowest levels is an idiotic strategy. Even if you decreased the minimum wage, increases in automation technology would phase whatever jobs it can regardless. Mexico fought robots in factories for decades and it simply had the effect of stifling their economy.
If increases in productivity don't translate to higher wages at the lowest level, all you are doing is making the rich richer and the poor poorer, which is the central design and purpose of promoting the horse and sparrow theory.