Biden Stimulus Plan and its $15 Minimum Wage Will Hurt The Economy in the Long Run
Channel: The Nomad Economist
Date: 23/03/2021

Biden Stimulus Plan and its $15 Minimum Wage Will Hurt The Economy in the Long Run

Scholars at the University of Pennsylvania’s Wharton School of Business analyzed the plan and found that the massive spending splurge—which costs roughly $13,260 per federal taxpayer—would only cause a “slight uptick” in economic growth in 2021. The analysts warned that this minor boost would just be “instant gratification,” and that the skyrocketing government debt caused by the blowout legislation would undermine any gains in the medium-to-long term.


For the full transcript go to https://financearmageddon.blogspot.com
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