The good old days at the NYT

David Henderson (not the guy who indirectly killed Donnie Moore) leads with a media history lesson in his WSJ piece today:

"The Right Minimum Wage: $0.00." So read an editorial headline in one of the most respected newspapers in America. The editorial stated: "There's a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the minimum wage by a substantial amount would price working poor people out of the job market." Can you guess the newspaper? The Wall Street Journal, perhaps? Right city; wrong paper. This editorial appeared on Jan. 14, 1987, in the New York Times.

Sadly, nothing so sensible would ever appear on the current Times editorial page.

Hat tip: Greg Mankiw.