Minimum Wage Stimulus
Ezra Klein: “David Leonhardt amasses some evidence that tax rebates are better stimulus than some think. One of his correspondents suggests that “maybe the best kind of stimulus would be a minimum wage increase.”
Nothing spurs the creation of jobs in a down economy like increasing the cost of creating a job while simultaneoulsy increasing the cost of keepiing one’s existing employees, I always say.
Still, this does provide yet another data point in the emerging consensus that “stimulus” is just another word for “funding policy preferences I had all along.”
Image via Highbrid Nation