MCViewPoint

Opinion from a Libertarian ViewPoint

EconomicPolicyJournal.com: Cuomo is Proud of This: Minimum Wage Goes Up in NYC to $15 per Hour

Posted by M. C. on December 30, 2018

It is union workers who do benefit from the minimum wage laws by eliminating by job competitors who would be willing to work for less but will now be prevented from doing so.

http://www.economicpolicyjournal.com/2018/12/cuomo-is-proud-of-this-minimum-wage.html#more

On December 31, 2018 in New York City, a $15 minimum wage goes into effect for most workers.

This, of course, will do nothing but cause unemployment for those whose skills do not produce $15 an hour in revenue. This is basic economics 101. But the New York State propaganda machine is featuring videos of New York Governor Cuomo taking credit for this evil anti-work law.

It is instructive that in the clip below, as he hails the minimum wage increase, it is union workers cheering him on in the background. It is union workers who do benefit from the minimum wage laws by eliminating by job competitors who would be willing to work for less but will now be prevented from doing so.

Embedded video

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