tag:blogger.com,1999:blog-8241505550351823820.post2496473337240868195..comments2024-02-11T06:57:23.174-05:00Comments on SchansBlog: can you tune an economy or can you tuna fish?Eric Schansberghttp://www.blogger.com/profile/16147388189415035752noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8241505550351823820.post-32291833943206928492010-05-26T17:55:57.962-04:002010-05-26T17:55:57.962-04:00Well, we actually have those situations with some ...Well, we actually have those situations with some who are significantly disabled. But I'm assuming that you're referring to a future time when non-disabled but relatively unskilled people are in that position. <br /><br />For those occasions, I'd recommend what I recommend now: private charities and voluntary wage subsidies by firms (a la Boaz with Ruth) as possible. To the extent this is insufficient-- or given that society is going to use redistribution to help others-- then I'd recommend a wage subsidy or an EITC financed by taxpayers. <br /><br />I'd also recommend that unskilled workers-- particularly heads of household-- be exempt from state income and onerous federal payroll taxes. <br /><br />The minimum wage is a bad idea since it is poorly-targeted (beyond heads of household) and, at some point, makes workers unemployable.Eric Schansberghttps://www.blogger.com/profile/16147388189415035752noreply@blogger.comtag:blogger.com,1999:blog-8241505550351823820.post-12392443131038994552010-05-26T17:50:45.063-04:002010-05-26T17:50:45.063-04:00This comment has been removed by the author.Eric Schansberghttps://www.blogger.com/profile/16147388189415035752noreply@blogger.comtag:blogger.com,1999:blog-8241505550351823820.post-12291132686367164792010-05-26T16:40:12.082-04:002010-05-26T16:40:12.082-04:00What happens when unskilled labor is uncompetitive...What happens when unskilled labor is uncompetitive with automation no matter how low an hourly rate they are paid? Will the Devil find work for idle hands?William Langhttps://www.blogger.com/profile/04308959355199753193noreply@blogger.com