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.