If every other store in town is paying workers $9 an hour, one offering $8 will find it … - Christina Romer

Same topic Authors

Quote of the day

I think it is important to say that though, of course, it is wonderful to have children, it is a disservice to others not to also say how hard it is to do it alone.

Christina Romer

If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines.

Powerful, Offering, Competition, Unemployment, Hard

Same Author Quotes

Fewer people working means permanently lower tax revenues.

Mean, People, Taxes, Permanently, Revenues

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

Financial, Think, Thinking, Underwater, Writing

Making labor less expensive helps firms hire people.

Expensive, Firm, Helping, Labor, Making, People

A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

Natural, Needs, Problem, Think, Thinking, Way

There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is. ' That's the problem with the deficit.

Drunk, Joke, Keys, Light, Lightposts