Re:The brave new world of robots and lost jobs
by yummyfajitas on Friday August 12, 2016 @10:22AM
(#12275857)
This is an interesting hypothesis - a culturally imposed minimum wage. I'm a bit suspicious because I don't see much evidence of a floor. For example, people seem quite willing to hire Mexicans outside home depo for relatively low wages.
The common solution to sticky nominal wages is economic stimulus; inflate away real wages to trick people into hiring at lower real wages. Do you think that would fix this issue?
The common solution to sticky nominal wages is economic stimulus; inflate away real wages to trick people into hiring at lower real wages. Do you think that would fix this issue?