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Wage Subsidies: Economic Risks Explained by Jason Pye is a document available to read on EtoBox.

What is Wage Subsidies: Economic Risks Explained about?

The document discusses proposals for government wage subsidies during the COVID-19 pandemic. It argues that wage subsidy plans proposed by Democrats and Republicans would be very costly at over $1 trillion, distort the labor market, and encourage "make work" jobs. Instead, the document proposes repealing the payroll tax for the rest of 2020 to reduce costs for employers and increase wages, in order to spur rehiring without taxpayer costs. The document concludes that direct government payments do not typical

Author

Jason Pye

Language

EN