New York Gov. Andrew Cuomo on Wednesday laid out a wide-ranging agenda for the year. The first-term Democrat wants gun control, casinos and higher pay for teachers. Perhaps his most economically perilous proposal is an insistence on raising the state's minimum wage from $7.25 an hour to $8.75.
It's hard to find an economist who questions the relationship between the minimum wage and employment, specifically, that a higher minimum wage reduces employment opportunities for young, low-skilled and inexperienced workers.
