The evolution of technological substitution in low-wage labor markets

Arbeitspapier

This paper uses minimum wage hikes to evaluate the susceptibility of low-wage employment to technological substitution. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the Financial Crisis. Simultaneously, low-wage interpersonal jobs are increasing and offsetting routine job loss. However, interpersonal job growth does not appear to be enough - as it was previous to the Financial Crisis - to fully offset the negative effects of automation on low-wage routine jobs. Employment losses are most evident among minority workers who experience outsized losses at routine-intensive jobs and smaller gains at interpersonal jobs.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2020-16

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination ; Labor Force and Employment, Size, and Structure ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Wages, Compensation, and Labor Costs: Public Policy ; Technological Change: Choices and Consequences; Diffusion Processes
• Thema: Low-wage automation ; routine-biased technical change ; minimum wage

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Aaronson, Daniel ; Phelan, Brian J.
• Ereignis: Veröffentlichung
• (wer): Federal Reserve Bank of Chicago
• (wo): Chicago, IL
• (wann): 2020

Weitere Informationen

• DOI: doi:10.21033/wp-2020-16
• Handle: http://hdl.handle.net/10419/230394
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ