Quote:
Originally Posted by Tyrone Slothrop
If we're comparing a more expensive (union) job to a less expensive (non-union) job, obviously the former has more stimulus. But if we're talking about $100m of federal spending on infrastructure, whether it goes to union or non-union jobs would not seem to me to make much difference in the stimulative effect, as much as I like unions. Some non-zero difference on the margin, sure, but I think the difference will be pretty small.
|
To drive home TM's point, so you think the stimulus is the same if you spend $60M on materials, $30M on wages, and send $10m to the shareholders and if you spend $60M on materials, $10M on wages, and send $30M to the shareholders?
