A living wage sounds great, but it has some pretty big real-world consequences, according to The Beat at The Manhattan Institute for Policy Research.
As New York Mayor Bill de Blasio pushes for a $30,000 minimum wage, automation is going up as is the teenage unemployment rate.
From The Beat:
More and More: A higher state minimum wage is correlated with higher teen unemployment. Read more.
I, Robot: Higher minimum wages for fast food restaurants are accelerating the trend toward automation of that industry. Read more.
Read The Beat for more about why a higher minimum wage is bad news for teens.
Photo by @KevinCase
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