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by ikeboy 3977 days ago
One study I saw suggested that 90% of workers saw improvements.

Edit: see https://www.nber.org/papers/w12497.pdf

1 comments

Well, that's certainly interesting.

It does say there seemed to be a small negative effect on the least educated, who are presumably competing for jobs at the low end.

Yes, those without a high-school degree saw a small decrease. Although even that may be countered by lower prices, I've seen that argument somewhere.
Quite likely, there will be a feedback mechanism allowing businesses to produce cheaper products if they have access to a larger (and therefore cheaper) labour pool.