Is a Higher Minimum Wage the Key to More Rapid Productivity Growth?

Economists have been disappointed by the extraordinarily weak productivity growth of the last decade. Low productivity growth means that there is less room for improvements in living standards and more leisure.

Fortunately there may be an answer. Timothy Lee at Vox tells us that higher minimum wages are leading to more rapid automation. According to his piece, higher wages are pushing McDonald's around the country to experiment with touchscreen ordering. This will raise productivity at McDona...