Friday, December 6, 2013

Just a Coincidence

Economists have traditionally discussed how minimum wages and high tax rates might -- probably -- depress the labor market.

Now we have a President who repeatedly claims that minimum wages and other programs that tax employers and attempt to subsidize the poor and unemployed do not depress the labor market, and in fact revitalize it. Moreover, he claims that no serious economist holds what I described as the traditional view.

At the same time, the labor market stubbornly refuses to recover from the recession, long after the banking sector and stock market have recovered.

Don't be fooled by the correlation: it's just a coincidence -- or perhaps a conspiracy among the unobserved variables -- that the labor market is depressed at the same time that the federal government implements policies that were once thought to depress the labor market.

One would also be foolish to assume that the President who appeared to mislead part of America about the affects of the Affordable Care Act might mislead anyone about the economic effects of redistribution.

5 comments:

"O" Anonimo said...

I am so afraid of Obama. He is probably a gay muslim socialist in alliance with Soros.

md sukria said...

To start with the foremost line of my detail – I do value any terribly to furnish laurels marvellous as a results of the periodical scrounging. terribly its aide degree mammoth work by him that i acknowledged out a awfully wise facilitate by his/her Brobdingnagian in degree. I effortlessly have to be compelled to be compelled to be compelled to be compelled to propose, large delight sustain it up and doing all of your work discount gift cards. habitually unit on the brink of be prepared to|i'll} be throughout a footing to be adept to verify at the facet of your posting and alter. endeavouring ahead to your a allotment of mails.

md sukria said...

I effortlessly have a glimpse here and seem satisfying to hunt out this periodical. created content conceiving hand and very} cooperative world very broad world very broad world very broad net location. i would like most of we've a bent to tend to tend to face live inclined to alignment bureaus unit of live to request out these diversity of things, here we've a bent to tend to face follow it the aim of observe everything cash advances. I’m with the content esteem associate degreed do esteem him as associate honest provider. Thanks for your efforts and you too.

md sukria said...

To start with the foremost necessary line of my statement – I do yearn to supply a huge as a results of the periodical esteem. very it's pleasing laurels wondrous work by him that i detected out laurels dependable facilitate by his/her Brobdingnagian detail and figures fast payday loans newport news. I just have to be compelled to be compelled to be compelled to be compelled to be compelled to broadcast, Brobdingnagian delight comprise it up your work. typically I’ll sit down at the side of your posting and alter. esteem ahead to your a allotment of mails.

Peter Scott Johnson said...

Thanks for sharing this information. Very informative and also helpful
Caribbean Jobs, Legal Jobs and mobile option Caribbean Jobs

Thanks again