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New York City's mayoral race is turning into a bidding war of economic absurdity. Andrew Cuomo wants $20/hour by 2027. A self-proclaimed socialist says $30 by 2030. What’s next—$50? $100? Free caviar with every paycheck?
In this no-BS episode of Watchdog on Wall Street, we torch the fantasy economics driving minimum wage hikes and expose the real-world fallout: lost jobs, closed restaurants, and once-vibrant NYC neighborhoods turned into ghost towns of Walgreens and "For Lease" signs. With cultural jabs from Coming to America to Seinfeld, this episode brings the heat on why top-down wage mandates don’t lift people up—they just price them out.
Want to help workers? Let the market breathe. Want to destroy businesses? Keep playing pretend economics. Tune in and get real. www.watchdogonwallstreet.com