If $15 Minimum Wage Is Such a Good Idea, Why Did AOC's Bar Close Down?

Townhall | 3/21/2019 | Staff
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If $15 Minimum Wage Is Such a Good Idea, Why Did AOC's Bar Close Down?

John R. Lott, Jr.

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The brilliant Thomas Sowell, when in college, considered himself a Marxist. Asked what changed him, Sowell said, "Evidence."

Harvard - Master - Economics - Sowell - Summer

After completing undergrad at Harvard and obtaining a master's in economics, Sowell landed a summer internship with the Department of Labor. While there, he researched the impact of minimum wage law on employment. Sowell learned two things, both of which he found startling. First, minimum wage laws create job loss by pricing the unskilled out of the labor force. Second, Sowell discovered that "the people in the labor department really were not interested in that, because the administration of the minimum wage was supplying one-third of the money that was keeping the labor department going. ... I realized that institutions have their own agendas and their own incentives." In short, Sowell found that the Department of Labor did not care about the real-world effects of the minimum wage law. He credits this experience, this search for evidence, with having the "biggest" impact on his thinking.

The left refers to the skeptics of "climate change" alarmism as "anti-science." But when it comes to left-wing passions like the $15 minimum wage, a "universal basic income" and the "wealth tax," it is the left that ignores evidence.

Minimum - Wage - Socialist - Rep - Alexandria

Among those calling for a $15 minimum wage is self-described Democratic socialist Rep. Alexandria Ocasio-Cortez (D-NY). Before her election to Congress, Ocasio-Cortez worked at as a bartender at a popular New York bar in Union Square called The Coffee Shop. How popular? Investor's Business Daily said the bar was "frequented by A-list celebrities and featured on 'Sex and the City.'" Despite its popularity, The Coffee Shop went out of business last year. Its co-owner, Charles Milite, cited as...
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