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White House advisers are reportedly considering a temporary cut in employer contribution to...

White House advisers are reportedly considering a temporary cut in employer contribution to payroll taxes in order to stimulate hiring. It's unclear how advanced discussions are, but if the deal goes through, staffing firms like MWW, DHX, JOBS and others could see a bounce.
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    If we know two things from our latest round of We Are All Keynesians Now:

     

    1) "Temporary cuts" don't stimulate hiring because employers know they'll be punished after the temporary period is over.

     

    2) There are no "White House advisers" left to consider anything--they all bolted back to academia or, in the case of Rahm Emmanuel, into lucrative guaranteed-government work.
    9 Jun 2011, 08:49 AM Reply Like
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