The Fight For $15 Fizzles Investor's Business Daily, Aug 8, 2017
Economics: Last year, the "Fight for $15" movement was said to have unstoppable momentum, driven by labor unions, left-wing politicians and a sympathetic press. Then reality struck. Too bad it didn't strike sooner.
"This is a trend that cannot be stopped." "The political earth has shifted." "This movement continues to build." "Even economic experts who oppose the increased rate see it gaining momentum." That's what all the "experts" were saying last year.
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That was then. Now the unstoppable movements looks like it's grinding to a halt. According to the Employment Policies Institute, which opposes minimum wage hikes, there have been just 33 strikes and protests this year.
What's more, some Democrats have started backpedaling. Baltimore's new mayor, Catherine Pugh — who had campaigned on a $15 minimum wage — vetoed a $15 wage bill passed by its city council, saying it would hurt the city's economy and its unemployed.
More:
http://www.investors.com/politics/editorials/the-fight-for-15-fizzles/
