Anecdotal evidence on employment effects from stimulus spending

Michael 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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