The hue and cry has gone up on both sides of the Atlantic among the righteous: raise the minimum wage! This ideological chant is considered an answer to poverty, inequality and even the route to productivity growth. But it is none of them: it is populist politics and bad economics.
大西洋兩岸的正義之聲越發響亮：提高最低工資吧！這種意識形態化的呼聲被視爲貧窮和不平等的解決之道，甚至是促進生產率成長的方法。但事實並非如此，相反，從政治學來講它是民粹主義，從經濟學來講也糟糕之極。
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