The New Minimum Wage

By Kevin Cochrane at The Weekly Standard

April 18, 2016

Why have California and New York state moved to implement a $15 minimum wage? They say that it’s to provide workers with a “living wage.”

It’s true that surviving on $8 or $9, or even $10 an hour, particularly in expensive metropolitan areas like New York, Los Angeles, or San Francisco, is difficult if not impossible. But raising the minimum wage is not going to provide a pathway out of poverty for workers making so little. And lost in all the hoopla is that raising the minimum wage is not only a poverty trap, but really a disguised income redistribution.

Read more at The Weekly Standard

 

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