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Liberals Love the Minimum Wage—Though It Hurts People Liberals Love


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Chronicles Magazine

 

Liberals Love the Minimum Wage—Though It Hurts People Liberals Love

APRIL 4, 2024BY LARRY ELDER

On April 1, the new California $20-per-hour minimum wage for fast-food workers went into effect. In signing the bill, California Gov. Gavin Newsom rejected the view that such a wage hike—25 percent above the state’s current minimum wage—hurts teenagers who disproportionately benefit from fast-food jobs and for whom this becomes their entry into the job market. Newsom said: “That’s a romanticized version of a world that doesn’t exist. We have the opportunity to reward that contribution, reward that sacrifice and stabilize an industry.”

In 2019, The New York Times editorial board echoed the theme:

The simplistic view that minimum-wage laws cause unemployment commanded such a broad consensus in the 1980s that this editorial board came out against the federal minimum in 1987, calling it “an idea whose time has passed,” and citing as evidence “a virtual consensus among economists.” The old critique is still put forward regularly by the restaurant industry and other major employers of low-wage workers …

A groundbreaking study published in 1993 by the economists David Card and Alan Krueger examined a minimum-wage rise in New Jersey by comparing fast-food restaurants there and in an adjacent part of Pennsylvania. It found no impact on employment.

The 2019 New York Times editorial board has done a 180-degree turn from what its board wrote in a 1987 opinion headlined “The Right Minimum Wage: $0.00”::snip: 

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@Draggingtree

"Liberals Love the Minimum Wage—Though It Hurts People Liberals Love"

 

The Left Loves The People, its People they hate.

  • Shocked 1
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