Tuesday, February 7, 2012

Newt’s Objection to Romney’s Minimum Wage Proposal – Does Newt Know Alan Krueger and David Card?

Zachary Roth has found one policy position where Mitt Romney and I agree – that the minimum wage should be indexed so that its real value is not eroded over time by inflation. Naturally this has inflamed a few other Republicans including Newt:

And Newt Gingrich, Romney's leading rival for the nomination, said Sunday on Meet the Press that "virtually every economist in the country believes that [indexing the minimum wage to inflation] further makes it difficult for young people to get a job."

This story next reminds us of a study written by Alan Krueger and David Card, which challenged Newt’s ideology.

1 comment:

Jacob Jordan said...

If Romney wins the nomination, moving to the center will be harder ... Liz Krueger's No Bad Apples PAC made their first ..... in Newt's camp and didn't have much good to say about Romney, .... voice on issues like the minimum wage and working conditions will get quieter.sell structured settlement