At one point, I was optimistic that Andrew Cuomo wouldn’t be the big disaster for New York that his father was. Fat chance:
Under a plan approved by New York’s Fast Food Wage Board, a $15-per-hour minimum wage would be phased in over three years in New York City and six years across upstate New York, whose economy has long been the American equivalent of East Germany. The mandate would apply to any restaurant chain with 30 or more locations in the state.
Speaking at a rally in Manhattan, Cuomo pledged that he’s just gettin’ started:
“You cannot live and support a family on $18,000 a year in the state of New York — period….This is just the beginning. We will not stop until we reach true economic justice.”
The legal status of the diktat is not immediately clear. Cuomo created this particular board after failing to push a broader minimum wage hike through the legislature. Chains are expected to fight the rules, which single them out for particular treatment.
OK, do we have to go over this again? You’re not supposed to raise a family on minimum wage. It’s an entry level wage. Yeah, I know Roosevelt referred to it as a “living wage”. It’s still an entry-level wage that we have set up all kinds of anti-poverty programs around to make surviving on it easier.
(Obama’s former cabinet member Janet Napolitano is also raising the minimum wage to $15 in California schools. Expect, in a few years, to see a bunch of think pieces asking why the UC system is having to raise tuition again.)
We are now engaged in one of the most massive economic experiments in history, seeing if governments can magically create wealth and prosperity by fiat. That’s fine … if you don’t care about the people affected by it. But when prices go up and employment goes down, it will be cold comfort to people to learn that the liberals were wrong and the Law of Supply and Demand actually exists.
(As it happens, New York and California already have two of the highest minimum wages in the country. They also have two of the highest levels of income inequality and, if you account for cost of living, very high levels of poverty. It’s a mystery as to why that is.)
Cuomo has a bunch of other idiotic policies you can find at the link. But the minimum wage hike takes the cake. It applies to everyone in the state, whether they live in areas with a high cost-of-living or a low cost-of living. It singles out a particular industry with the hope of diving and conquering. It’s not even clear that it’s legal. But, I guess nothing will stand in the way of idiotic liberals determined to achieve “social justice”.
This sort of crap almost has me hoping that Hillary Clinton wins the election next year. Because there should be a Democrat around to take credit for the mess they’re creating.