Tuesday, February 14, 2012
Supply side destruction. Worker pay collapsed under Reagan's voodoo economics team
Hey, Art Laffer...how do you explain this?
Wasn't supply side economics supposed to incentivize everyone to work harder because they'd get to keep more of their hard-earned money? Well, work harder they did, but they earned far less. Average hourly earnings collapsed under Reagan. Art Laffer how do you explain this? Laffer's the greatest con man of the last 30 years!
Average hourly earnings y-o-y % change