Are you honestly saying that commonly available technology in the early 90's was capable of replacing as many jobs as it is today?
My only "prediction" is that, as has been the case since the beginning of recorded history, business owners will always try to reduce their expenses as much as possible, and that capabilities of technology will continue to increase as time goes on. I'd say those are fairly safe assumptions. With those basic and reasonable assumptions in place, minimum wage increases today will cost minimum wage jobs.
>Are you honestly saying that commonly available technology in the early 90's was capable of replacing as many jobs as it is today?
I don't need to say that, fewer jobs being lost should have still have had an impact and those studies didn't find one. There are other periods in history where the leaps forward did have something like this level of impact, and jobs didn't disappear then either.
>With those basic and reasonable assumptions in place, minimum wage increases today will cost minimum wage jobs.
Your reasonable assumptions include this same process happening throughout history. It has had the same result throughout history, yet you're predicting that this result will somehow change.
My only "prediction" is that, as has been the case since the beginning of recorded history, business owners will always try to reduce their expenses as much as possible, and that capabilities of technology will continue to increase as time goes on. I'd say those are fairly safe assumptions. With those basic and reasonable assumptions in place, minimum wage increases today will cost minimum wage jobs.