On a Fox News panel earlier this week, Charles Krauthammer floated a proposal for a two-tiered minimum wage system in which the rate would be raised for individuals who are the breadwinners of their families and remain the same for others. But this would be an absolutely terrible idea.

By way of background, during the minimum wage segment, Krauthammer correctly noted that raising the minimum wage would result in some job losses because “it’s an axiom of economics: If you raise the price of everything, you are going to lower demand.”