Well, Jobs Are A Great Thing. You Have To Be A Bit Careful: If You Raise The Minimum Wage, You’re Encouraging Labor Substitution And You’re Going To Go Buy Machines And Automate Things - Or Cause Jobs To Appear Outside Of That Jurisdiction. And So Within Certain Limits, You Know, It Does Cause Job Destruction. If You Really Start Pushing It, Then You’re Just Making A Huge Trade-off.
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Well, Jobs Are A Great Thing. You
Bill Gates
Well, Jobs Are A Great Thing. You Have To Be A Bit Careful: If You Raise The Minimum Wage, You’re Encouraging Labor Substitution And You’re Going To Go Buy Machines And Automate Things - Or Cause Jobs To Appear Outside Of That Jurisdiction. And So Within Certain Limits, You Know, It Does Cause Job Destruction. If You Really Start Pushing It, Then You’re Just Making A Huge Trade-off.
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