Anecdotal evidence on employment effects from stimulus spending
May 5, 2010Michael Giberson
From Aguanomics:
I was talking to a friend, and he mentioned that he’d hired an extra guy under the stimulus program.
“Yeah, they are paying 80 percent of his wages and overhead. It’s a win-win for him and me…”
“…but then I fired another guy; he just cost too much compared to the new guy.”
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Awwww, the law of unintended consequences strikes again, just like in this blog post I found: http://lawblog.legalmatch.com/2010/04/09/the-law-of-unintended-consequences-strikes-again/ . Only less sad. Anyway, such is life, but at least the new guy can work for a while until the a new stimulus program makes him too expensive, as well.