Wednesday, March 30, 2011

Study: GOP Austerity Will Raise Unemployment and Lower Wages

The paper predicts that cutting the number of public employees would send highly skilled workers job hunting in the private sector, which in turn would lead to lower labor costs and increased unemployment. But "lowering labor costs" is economist-speak for lowering wages -- does the GOP want to be in the position of advocating for lower wages for voters who work in the private sector?

http://www.theatlantic.com/business/archive/2011/03/gop-study-gop-austerity-will-raise-unemployment-and-lower-wages/73026