shintao
Take Down ~ Tap Out
- Aug 27, 2010
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One of their own authors is recommending the economic cure of taking a pay cut so other workers will be hired. Whats wrong with that, right? They are definitely overpaid, and being unAmericans and hypocrites if they don't take the hit.
Kevin Hasset, AEI’s director of economic-policy studies, was an adviser to John McCain in his bid for the presidency. He writes, Your Fat Paycheck Keeps Your Neighbor Unemployed:
Economics teaches that full employment would be reached if wages adjust downward, to a level that better reflects current circumstances. At lower wages, employers would desire more workers. Labor markets generate persistent unemployment only if wages are sticky, failing to fall as demand declines.
Conservative’s Plan for Economic Recovery: YOU Should Take a Pay Cut SpeakEasy
Kevin Hasset, AEI’s director of economic-policy studies, was an adviser to John McCain in his bid for the presidency. He writes, Your Fat Paycheck Keeps Your Neighbor Unemployed:
Economics teaches that full employment would be reached if wages adjust downward, to a level that better reflects current circumstances. At lower wages, employers would desire more workers. Labor markets generate persistent unemployment only if wages are sticky, failing to fall as demand declines.
Conservative’s Plan for Economic Recovery: YOU Should Take a Pay Cut SpeakEasy