Flashback 1987: NYT Editorial Page For $0 Minimum Wage

NY Times? "The Right Minimum Wage is $0.00 per Hour" Well, it was back in 1987 when the NYT understood ECON 101 http://t.co/ltVG6vqMxQ

— Mark J. Perry (@Mark_J_Perry) July 31, 2015

The New York Times editorial said it quite well:

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.

Check out the quote by the late Murray N. Rothbard.