Saturday, February 21, 2015

NYT Calls for Minimum Wage as High as $18.00 an Hour

From an NYT editorial:
The administration should also take the opportunity to move beyond the wrongheaded notion that a new federal minimum wage of $10.10 would be adequate. By relevant economic benchmarks, the federal minimum wage today should be $11 an hour to $18 an hour. An amount in that range is what policy makers should be fighting for.
So much for any sound understanding by NYT of supply and demand economics.


  1. Such pikers. Why so stingy? Make it $50 or even $100 an hour!

  2. Far cry from the 1987 New York Times that called for a minimum wage of $0.00

    1. -- Felix

  3. They'll say that raising the min wage is great until the recipients stop spending the increase.

  4. Whatever it is raised to,all products and services will rise also. It all comes out of the consumer's pockets. Few companies have the money to pony up that much. People who already make 11-18 dollars an hour will also demand a raise too. Everything back to square one!