Pun Salad

The newspaper's editorial headline: "The Right Minimum Wage: $0.00". It's in response to an effort by organized labor to raise the Federal minimum wage.

Anyone working in America surely deserves a better living standard than can be managed on [the current minimum wage]. But there's a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the minimum wage by a substantial amount would price working poor people out of the job market. A far better way to help them would be to subsidize their wages or - better yet - help them acquire the skills needed to earn more on their own.

We dump on the Times a lot, but it deserves thanks for opening up its archives so we can see how its wisdom has degraded in the past 20 years.