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California Says To Hell With Economics, Will Hike Minimum Wage To $15/Hour

California Says To Hell With Economics, Will Hike Minimum Wage To $15/Hour

Over the past 12 months, America has had front row seats for a real-life experiment with across-the-board wage hikes.

In January of last year, a grinning Doug McMillon appeared in a video message posted to Wal-Mart’s website to announce that the world’s biggest retailer was set to implement one of the “largest single-day, private-sector pay increases ever.”

Trump’s Jumbled, Deal-Obsessed Foreign Policy

Leon Hadar does a good job making some sense out of Trump’s recent rambling interviews on foreign policy with The New York Times and Washington Post:

We should reassess the American role in NATO and the rationale for continuing to maintain it. But Trump needs to explain to us why we need to do that, not like a technocrat going through the books but as a political leader with coherent vision of the role the U.S. should play in the world. We do foreign policy not to make a profit but in order to protect the country and advance its interests.

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