December 27, 2006
Wage Subsidies
Must read post from Greg Mankiw
Economics and Markets
Posted by AlexC at December 27, 2006 10:46 AM
Larry Kudlow was trying to convince a couple of lefties that the way to help low wage workers is to reduce corporate tax rates.
He is absolutely right, but it is a tough sell to those who think governments set wages. Sen. Kennedy says minimum wage workers have been waiting ten years for a raise. That statement is wrong on so many levels, one doesn't know where to begin.
I'm a big fan of the President, but I will admit here to being tired of "compassionate conservatism." It is classic Bush to come out for a fait accompli minimum wage increase and then try to get some pro growth riders on the bill. Unfortunately, it supports and cements the idea that government has a role in setting wages.
Speaking of Kudlow, Steve Forbes was on last night. Steve in 2008, anybody? We're sorry we didn't listen before.
Larry Kudlow was trying to convince a couple of lefties that the way to help low wage workers is to reduce corporate tax rates.
He is absolutely right, but it is a tough sell to those who think governments set wages. Sen. Kennedy says minimum wage workers have been waiting ten years for a raise. That statement is wrong on so many levels, one doesn't know where to begin.
I'm a big fan of the President, but I will admit here to being tired of "compassionate conservatism." It is classic Bush to come out for a fait accompli minimum wage increase and then try to get some pro growth riders on the bill. Unfortunately, it supports and cements the idea that government has a role in setting wages.
Speaking of Kudlow, Steve Forbes was on last night. Steve in 2008, anybody? We're sorry we didn't listen before.
Posted by: jk at December 27, 2006 11:38 AM | What do you think? [1]