Opinion: The evidence continues to show that trying to increase low-skilled pay by political fiat isn’t a free lunch, writes The Editorial Board
Democrats in the House advanced a bill last month to more than double the nationwide minimum wage to $15 in 2024 from $7.25 today. It would be indexed thereafter to overall wages. Yet the evidence continues to show that trying to increase low-skilled pay by political fiat isn’t a free lunch.
New York City’s minimum wage rose again on Dec. 31. Businesses with 11 or more workers must pay $15 an hour, up from $13 last year and $11 in 2017. Employees who earn tips can be paid a lower rate, now set at $10 an hour for waiters, provided...
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