Supply-Side Economics - Page 5

Chicks · #1 02-22-2018, 10:12 AM

An examination of the Walmart story from, you know, actual economists.

https://www.cfr.org/blog/did-tax-ref...mployees-raise

As economists, we are admittedly prone to being cynical. But when a CEO whose compensation depends on happy shareholders says he’s giving more of their profits to employees just because those profits are about to get bigger, we go beyond cynicism. We go for the data.

As shown in the graphic above, this is the third wage hike that Walmart has announced in the past two years. Each one was preceded by a period of accelerating private retail wage growth—which is precisely what a cynical economist would expect. Firms raise wages when they need to attract and retain workers.

But that makes for crummy PR. Much better to share credit for rising wages with lawmakers who cut your taxes. Gives them motivation to keep the goodies coming.

Rajoo · #2 02-22-2018, 10:24 AM

Voodoo Economics, as George H.W. Bush named it in 1980, is what caused most of our national debt. It came from Wall Street and goes by the name “supply-side economics.”

Nothing has changed since except two more massive tax cuts, two more massive deficits, and the full effect of the second one compliments of the Dotard yet to be felt by the economy.

http://zfacts.com/p/voodoo.html

Chicks · #3 02-22-2018, 10:10 PM

Ray Dalio: 70% chance of recession before 2020

I'm sure Whell will call the head of the world's largest hedge fund a "lefty".

https://www.marketwatch.com/story/br...ion-2018-02-22

bobabode · #4 02-22-2018, 10:31 PM

Quote:

Originally Posted by Chicks

Ray Dalio: 70% chance of recession before 2020

I'm sure Whell will call the head of the world's largest hedge fund a "lefty".

https://www.marketwatch.com/story/br...ion-2018-02-22

'Fake News'! (grin)

whell · #5 02-23-2018, 09:02 AM

Quote:

Originally Posted by Chicks

Ray Dalio: 70% chance of recession before 2020

I'm sure Whell will call the head of the world's largest hedge fund a "lefty".

https://www.marketwatch.com/story/br...ion-2018-02-22

I don't know anything about his politics, but this was the same guy who predicted that "the stock markets around the would tank if Trump won". He was dead wrong about that, and has always seemed to be the type of guy who was willing to make bold predictions - it mattered not if they were ultimately correct - in order to keep his company's name in the news.

I'm sure you'll interpret his latest remarks for your own purposes, but I personally would put little stock in his latest comments.

Chicks · #6 02-23-2018, 02:39 PM

Quote:

Originally Posted by whell

I'm sure you'll interpret his latest remarks for your own purposes, but I personally would put little stock in his latest comments.

Yet you believe everything our serial liar in chief, who lies 5.5 times/day, has bankrupted his businesses four times, and was bankrolled by the Russians, says.