(no subject)

[lsanderson]

Would cutting the minimum wage raise employment?

It seems that more and more Serious People (and Fox News) are rallying around the idea that if Obama really wants to create jobs, he should cut the minimum wage.

Would cutting the minimum wage raise employment? - Paul Krugman Blog - NYTimes.com

Posted using ShareThis

Comments

[sethb.livejournal.com]

I guarantee that would never hit the people near the top; they'll find ways to recharacterize the money to avoid taxation. (Simplest is to call it salary instead of bonuses; it gets paid regularly over the next year rather than in a lump. At the end of the year, the salary is reset up or down.)

[daedala.livejournal.com]

Yeah, I figured.