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Bidenomics Failing Big Time?
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<blockquote data-quote="fishtm2001" data-source="post: 4896170" data-attributes="member: 54375"><p>"The Republican Party, it tells us, has become a workers’ party. The complicating detail is finding ways to lift incomes for low-wage workers that meet the party’s approval. <strong>Giving low-income workers money is bad because that creates a disincentive to work. Regulating a higher minimum wage is also no good because that kills jobs. Government-subsidized health insurance or child care is also problematic, and encouraging the formation of unions to give them more bargaining power is totally unacceptable.</strong></p><p></p><p>That leaves just one Republican-friendly way to increase living standards for low-wage workers: a tight labor market that forces employers to bid up wages. And now, it turns out Republicans don’t like <em>that</em> method, either."</p><p></p><p>Jonathan Chait</p></blockquote><p></p>
[QUOTE="fishtm2001, post: 4896170, member: 54375"] "The Republican Party, it tells us, has become a workers’ party. The complicating detail is finding ways to lift incomes for low-wage workers that meet the party’s approval. [B]Giving low-income workers money is bad because that creates a disincentive to work. Regulating a higher minimum wage is also no good because that kills jobs. Government-subsidized health insurance or child care is also problematic, and encouraging the formation of unions to give them more bargaining power is totally unacceptable.[/B] That leaves just one Republican-friendly way to increase living standards for low-wage workers: a tight labor market that forces employers to bid up wages. And now, it turns out Republicans don’t like [I]that[/I] method, either." Jonathan Chait [/QUOTE]
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