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Republican Report: Solve Job Crisis by Cutting Wages and Public Employees

By Mike Hall

Last week, House Speaker John Boehner (R-Ohio) spent a great deal of effort touting an economic report from the Republican staff of the Joint Economic Committee. That should be your first warning to step back, take a deep breath and adjust your skepticism meter. In a nutshell, it argues?using the examples of several small national economies?that huge spending cuts, massive layoffs of public employees and the weakening of unions will create jobs by lowering wages. As Tim Fernholz and Jim Tankersl read more

Full post as published by AFL-CIO NOW BLOG on March 29, 2011 (boomark / email).