Ira Stoll on Minimum Wage Nonsense in New York

The latest dubious innovation in left-wing
political economics is legislation that would raise the minimum
wage in New York State to $15 an hour—but only for a select group
of employers unlucky enough to be targeted by politicians. The
bill’s champion, New York State Sen. Daniel Squadron, calls it the
“Fair Wage Act.” But as Ira Stoll explains, it would be more
accurately called the “Unfair Wage Act,” because, rather than
applying the $15 an hour rule to all employers or all employees, it
picks and chooses some employers to saddle with the high wages.

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from Hit & Run

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