Opinion, by Michael Royster
RIO DE JANEIRO, BRAZIL - On February 12th, former President Lula told the New York Times that Brazil was doing fine, and that it would not encourage growth by using the example of China. “We don’t want to be competitive like China is, where there’s no welfare program, where you have no obligation to the workers, pension funds, trade unions, and people earn very low wages,” he said.
Four days earlier, the New York Times had asked its readers to answer the title question. The minimum wage in New York City is US$8 per . . .