[Ed. – Wealth redistribution: What could be bad?]
After Seattle increased its minimum wage to $15 an hour, low-wage workers were laid off or had their hours reduced. Employers also cut payrolls and put off hiring new workers, according to a study by economists at the University of Washington commissioned by the National Bureau of Economic Research. There were limitations to the study (it has not been peer-reviewed, for one thing), but it did show what Republicans (and those with common sense) had been saying. Another study released this year showed that smaller wage increases offset the problems we saw in Seattle.
But now the Left is suggesting our doctors should earn less in the name of socialized health care. Today, Vox’s Matt Yglesias sneered on Twitter that it “would be quite the spectacle to behold” to see U.S. doctors take a pay cut to earn what Canadian doctors do.
Yglesias shared a Politico article about how U.S. doctors make more than those in Canada and Europe in response to a question about what Canadian doctors earn.