First, labor unions in Los Angeles – the very unions that were in the forefront in pushing for California’s recently passed $15-an-hour minimum wage legislation — are petitioning to be exempted from the new law. After telling us for years how good high minimum wages are for everyone else, they are now claiming that the regulation is not good for their own members.
Second, as the New York Democratic primary election was well under way, the rhetoric became increasing shrill. Wall Street is responsible for inequality we were told by both Bernie and Hillary.
Yet as Dan Henninger reminds us in a Wall Street Journal editorial, it’s the rich Wall Street types who are putting up the money to fund charter schools and other alternatives to the public schools that are failing so miserably. No one who is poor is likely to climb the income ladder without a decent education. Yet New York City liberals, including the new liberal mayor, aren‘t lifting a finger to help. In fact, New York’s liberals seem quite content to let the teachers unions run the schools as they wish and leave things pretty much as they are.