Higher minimum wage harm ripples outward


In his 1850 essay “That Which Is Seen, and That Which Is Not Seen,” French statesman and economist Frederic Bastiat elucidated the need to look beyond the initial, most visible effects of public policy to the less-visible effects and unintended consequences.

The Unappetizing Effect of Minimum-Wage Hikes

By Mike Saltsman, The Wall Street Journal

Last fall, voters in the Bay Area cities of San Francisco and Oakland followed Seattle’s lead and approved costly new minimum-wage mandates ($15 an hour and $12.25 an hour, respectively) for most businesses in the city boundaries. Now the bills have begun arriving, and some businesses can’t pay them.