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- Feb 21, 2009
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There's only one problem with this. Unless you've got some sources for your numbers (min wage vs automation) it falls apart. Likely, as Flippy would appear to show, automation is already appreciably cheaper. Contrary to your apparently made up numbers, I'd say you could lower the minimum wage and still not be able to compete (if cost is the only basis for comparison.)
I provided you with another industry I am far more familiar with as an example. This is actually happening in industries all over the country. Cost drives innovation in capitalist society. It's really not that complicated.