Thursday, December 12, 2013

The Left's Reality Problem - Rich Lowry - POLITICO Magazine

The Left's Reality Problem - Rich Lowry - POLITICO Magazine: "onsider the minimum wage. Rarely do liberals truly grapple with the possibility—supported by some, but not all research—that it suppresses employment. If they did, they would be more cautious about advocating a higher minimum wage in a soft job market and less scornful of opponents.

When Sen. Rand Paul (R-Ky.) said the other day that extended unemployment benefits could keep people from searching for a job, he was denounced, literally, as a Scrooge. It doesn’t matter that there is plenty of evidence—some of it once mustered by Alan Krueger, the former head of the White House Council of Economic Advisers—on Paul’s side. He is presumed guilty of a moral failing."

'via Blog this'

No comments: