Tuesday , October 15 2019
Home / Managerial Econ / How do politicians promote policies with a straight face?

How do politicians promote policies with a straight face?

Summary:
...by ignoring costs. On Thursday evening, The Washington Post reported that some members of Sanders' campaign have been lobbying to raise their wages. Field organizers say they make a salary of ,000 annually but work 60 hours per week, which is an average of per hour. Instead of upping their pay, Senator Sanders reduced the number of hours he will pay for from 60 to 40.  As Greg Mankiw notes, "Demand curves slope downwards, even for socialists."

Topics:
[email protected] (Luke Froeb) considers the following as important: ,

This could be interesting, too:

[email protected] (Luke Froeb) writes Stossel on price-gouging

[email protected] (Luke Froeb) writes Homeowners’ cartel is raising prices

[email protected] (Luke Froeb) writes When prices go up, eventually demand becomes elastic

[email protected] (Luke Froeb) writes Complements

...by ignoring costs.
On Thursday evening, The Washington Post reported that some members of Sanders' campaign have been lobbying to raise their wages. Field organizers say they make a salary of $36,000 annually but work 60 hours per week, which is an average of $13 per hour.

Instead of upping their pay, Senator Sanders reduced the number of hours he will pay for from 60 to 40.  As Greg Mankiw notes, "Demand curves slope downwards, even for socialists."

Leave a Reply

Your email address will not be published. Required fields are marked *