“Employer substitution of higher-skilled for lower-skilled workers is not the only effect of the minimum wage law. It also gives employers an economic incentive to make other changes: substitute machines for labor; change production techniques; relocate overseas; and eliminate certain jobs altogether. The substitution of automatic dishwashers for hand washing, and automatic tomato-picking machines for manual pickers, are examples of the substitution of machines for labor in response to higher wages.”
―
Race & Economics: How Much Can Be Blamed on Discrimination?
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Race & Economics: How Much Can Be Blamed on Discrimination?
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Walter E. Williams414 ratings, average rating, 51 reviews
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