The Robot Employment Act?

by Alex Tabarrok May 20, 2015 at 10:26 am in

In light of LA’s vote to increase the minimum age to $15 an hour by 2020 here is one of my favorite pictures and caption from Modern Principles of Economics.

Should the Minimum Wage be called the “Robot Employment Act?” Cowen-Tabarrok, Modern Principles of Economics, 3rd ed