Minimum Wage Boosts Are Great—For Robots. Making low-skill workers more expensive means getting them replaced by automation.

The solution, I think, is to make AI free and manufacturing as cheap as possible, then decrease regulation so that literally everyone can start their own business as easily as possible. We go from a society of slave labor to a society of business owners/CEOs with robot employees.

My other comment in this thread rants about the near-term problems. Long-term, I think we're moving into a post-capitalist world in which workers don't just control the means of production--there are no means of production--and everyone's a CEO. If you're fairly well-off, you'll have a manufacturing plant in your own house (maybe a desktop 3D printer or maybe one the size of a garage), but most manufacturing will be done by automated manufacturing centers that businesses (i.e., everyone) rent time on; manufacturing capacity will become like bandwidth and physical products will become like information.

/r/Futurology Thread Parent Link - reason.com