AFL-CIO restructuring

[Brad De Long]

>JW Mason wrote:
>
>>Throw in the family leave act and the minimum wage hike
>
>I thought the Dems did nothing about the minimum wage when they 
>controlled Congress - not even a hearing on the topic. Am I 
>remembering wrong? The increase took effect almost two years after 
>the Republican sweep in '94.
>
>Doug

We decided to do a bigger EITC expansion in 1993 instead...

Brad DeLong

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
"Now 'in the long run' this [way of summarizing the quantity theory 
of money] is probably true.... But this long run is a misleading 
guide to current affairs. **In the long run** we are all dead. 
Economists set themselves too easy, too useless a task if in 
tempestuous seasons they can only tell us that when the storm is long 
past the ocean is flat again."

  
--J.M. Keynes
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
J. Bradford De Long; Professor of Economics, U.C. Berkeley;
Co-Editor, Journal of Economic Perspectives.
Dept. of Economics, U.C. Berkeley, #3880
Berkeley, CA 94720-3880
(510) 643-4027; (925) 283-2709 phones
(510) 642-6615; (925) 283-3897 faxes
http://econ161.berkeley.edu/
<delong at econ.berkeley.edu>