The Red-Lining Left

WSJ on the stupidity of Chicago's aldermen on their anti-Wal-Mart ordinance, all too typical of Democrats around here, and apparently in other brain-dead cities as well:

This means major U.S. cities are preparing to require minimum wages more than double the national minimum of $5.15 an hour. Incredible. The very places with the highest unemployment and lowest skilled workers are enacting laws designed to destroy their pool of entry level jobs. Not so long ago, desperate cities were trying to lure businesses by declaring themselves low-tax and low-regulation enterprise zones. Now with these wage and benefit mandates, the cities are declaring themselves anti-enterprise zones.

The only issue is how many jobs Chicago will lose. When the minimum wage rose to $8.50 an hour in 2004 in Santa Fe, New Mexico, the rate of job creation fell, and workers with 12 years of education or less "suffered an extremely large and negative effect," according to a study by the Employment Policies Institute.

My earlier post---Chicago, You Lose.