I largely agree with Gary Becker and Richard Posner with reference to the Democrat proposal for raising the minimum wage in the USA. Despite the fact that the proposal is also supported (and to some extent, ignited to start with) by many remarkable economists, I do not think there is any undisputed, clear, evidence that the benefits would outweigh the costs, and moreover there are better alternatives that can be used towards the same (declared) goals (as, for instance, the Earned Income Tax Credit, first championed as the “negative income tax” by the late Milton Friedman; as Posner discusses in his post mentioned above, why not work towards making that more generous, since the EITC is probably a less inefficient tax than the minimum wage).
→ Read more Day: November 28, 2006
Un nou episod din “Cum ajunge lumea pe blogul meu”
“Pareri despre Imagine a Romaniei din 1989 pana astazi-2006” (nu imi dau seama daca ai scris cu piciorul stang sau cu cel drept)
“gary becker irational” (economist de frunte la ASE- IP-ul corespunde- clar)
“europa intr-o economie mondiala bipolara” (si limba de lemn…)
“blog sebi” (sa vezi ca eu sunt primul pe lista…)
“Miyahee lyrics” (tipul asta din Ho Chi Minh City, Viet Nam- asa apare in web visit tracker-ul meu- e foarte insistent: man, this song is a piece of shit, capisci?-data → Read more