AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
Plus, this relieves some of the taxpayer burden that goes to helping support minimum wage workers. America spends billions of dollars subsidizing Walmart and McDonald's employees.
"They should just get better jobs" is something only a child would suggest.
Last edited by Deuce; 12-13-14 at 01:59 PM.
One of you will end up here next!
From their 6 year old study aggregating many of the studies on minimum wage impacts, where they found there is downward pressure:Deakin University's Hristos Doucouliagos and Hendrix College's T.D. Stanley
The conclusion they reached:
We now have an additional study showing the impact of MW increases during the recessions that cost 1 million jobs. Not so small or policy-irrelevant.but with more of those estimates showing a slight downward pressure on employment.
Last edited by buck; 12-13-14 at 03:40 PM.