The force of market competition has been concentrated on workers and small businesses, while elite professionals and financiers have managed to engineer protectionist rackets.

There should not be two classes of workers in American states, and private organizations like labor unions should not be able to grant exemptions to public laws.

Even The New York Times is warning its progressive readers that the economy is headed into uncharted—and possibly dangerous—territory if a $15 minimum wage goes through.

Already LA’s minimum wage increase is threatening to suppress jobs and push companies out of the city. Some policies—even well-intentioned ones—tend not to work, and a high minimum wage is one of them.

Cutting the fat in New York City’s chaotic pension system would increase efficiency, cut costs, and save the city billions. But smaller management boards would mean fewer sweet positions for union leaders, something Mayor Bill De Blasio likely isn’t prepared to sacrifice.