Schlagwort: Wages
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Rising Wages Drive Innovation in Automation Technology
Labor market policies shape firms’ innovation dynamics. A new UZH study shows for the first time that higher minimum wages for low-skill jobs drive firms to develop automation technologies. Rising wages for high-skill labor, in contrast, can hamper this effect. Zurich/Switzerland, February 25, 2025. Does increasing wage pressure encourage automation? Economic theory suggests that it…