Commentary Ontario Premier Doug Ford hiking the minimum wage thrills liberals and socialists because they think those fusty, hard-hearted Tories, in jettisoning obsolete economic theory for compassion, are admitting they were right all along. And it thrills conservatives to give up defending unpopular ideas because they think they’ll stop being treated as social lepers. So it might rather spoil the mood to point out that, economically, the move is rubbish. Listen to the premier’s oily rationale: “I’ve always said workers deserve to have more money in their pockets because they earned it. They’ve worked hard and put in long hours, the least the government can do is ensure we’re making life more affordable for them.” None of which is true. Not even the bit about long hours, because many minimum wage earners are part time, and it matters. As so often, I’m reminded of one of Henry Hazlitt’s most requotable …
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