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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: gronieel2 who wrote (850968)	4/19/2015 12:58:42 PM
From: longnshort	Respond to of 1585434

Email: Affleck asked PBS to not reveal slave-owning ancestor... what a liberal pussy

To: gronieel2 who wrote (850968)	4/19/2015 1:11:11 PM
From: i-node	Respond to of 1585434

>> I thought maybe a government subsidy of Walmart employees, as it is now, would result in higher profits and higher stock prices for Walmart. That's just idiotic.

To: gronieel2 who wrote (850968)	10/14/2015 2:16:03 PM
From: TimF	Respond to of 1585434

A remarkable feature of the reaction to the report is that many readers interpreted the government aid dollars to represent a subsidy to low-wage employers (for example, here, here, and here). According to this view, government assistance to low-income families constitutes a handout to Walmart, McDonalds, and other low-wage employers. The assistance allows these companies to pay their workers lower wages than would be possible in the absence of the government aid. For the majority of programs analyzed by the Berkeley researchers, this interpretation of government assistance payments is flatly wrong. Instead of subsidizing low-wage employers, most assistance programs reduce the availability of low-skill adults who are willing to work for low pay and lousy benefits. By shrinking the pool of workers willing to take the worst jobs, the programs tend to push up rather than push down wages at the bottom of the pay scale. Low-wage employers do not receive an indirect subsidy from the programs. Many must pay somewhat higher wages or recruit more intensively to fill their job vacancies. brookings.edu marginalrevolution.com