Mike Bloomberg pitches himself as a moderate, business-minded alternative to other Democrats running for president. But his plan to remake the nation’s labor laws, released earlier this month, wouldn’t be out of place in the campaign literature of Bernie Sanders or Elizabeth Warren. Start with Mr. Bloomberg’s endorsement of a $15 minimum wage, which has already hurt the restaurant industry in the city he once led. Quick-service restaurant employment growth in New York City averaged 7% between 2010 and 2015, according to data...

Source: Wall Street Journal February 23, 2020 18:56 UTC