Source: Independent Institute
by Allen Gindler
“Recently, I came across a commercial by Mayor Mamdani, who advertises his approach to supporting small businesses. He correctly identifies over-regulation as one of the unnecessary obstacles in opening and conducting small businesses in New York. Then he suggested creating yet another department in the mayor’s office, which would help businesspeople navigate the web of requirements the city demands from businesses. (It looks like a socialist brain is pre-wired to produce this kind of solution: any issue needs its own bureaucratic apparatus.) But he never mentioned the main reason why it is so difficult for new small businesses to survive, besides high rent, that is the minimum wage mandate. On the contrary, among his priorities is to raise the city’s minimum wage. He imagines politicians can decree prosperity by commanding higher pay.” (01/09/26)
https://www.independent.org/article/2026/01/09/minimum-wage-fallacy/