December 29, 2015
While it may be difficult to imagine, there was once an era when the New York Times
was concerned about the poor.
Consider, for example, a 1987 editorial they ran with the headline, “The Right Minimum Wage: $0.00.” As the editors noted at the time,
[Raising the minimum wage] would increase unemployment: Raise the legal minimum price of labor above the productivity of the least skilled workers and fewer will be hired. Continue Reading...