Greg Mankiw offers a different look at the push to raise the minimum wage in this NYT-published essay. The Cliff Note version of his column might be "beware the law of unintended consequences. A wee excerpt:
Because “tax” is a dirty word in Washington, politicians generally prefer regulations like the minimum wage to accomplish their goals. But many regulations work like hidden taxes. Sometimes, in the process of hiding taxes, lawmakers opt for more damaging alternatives.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment