Unintended consequences

Unintended consequences

Cry Wolf Quotes

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.

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N. Gregory Mankiw, The Boston Globe.
06/24/2001 | Full Details | Law(s): Living Wage

The more efficient new cars won’t save a drop of gas until they’re purchased. If they don’t sell, not only energy conservation, but pollution and safety improvements will be set back.

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Unidentified GM Spokesman, Chicago Tribune.

Clearly, this is a job-killer in the short-run. The revenues forecast for this budget will not materialize; the costs of this budget will be greater than what is forecast. The deficit will be worse, and it is not a good omen for the American economy. The impact on job creation is going to be devastating, and the American young people in particular will suffer a fairly substantial deferment of their lives because there simply won't be jobs for the next two to three years to go around to our young graduates across the country.

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Rep. Dick Armey, CNN

New York State’s past independent pioneering activities in social legislation, while commendable in many respects…have already produced discriminatory differentials between the cost of doing business in New York and such costs in neighboring States [sic]. We can see no justification for deliberately increasing those differentials at this time by continuance of such pioneering.

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Statement by the Merchants Association of New York, “Merchants Oppose Job Insurance Bills”, New York Times.
04/17/1934 | Full Details | Law(s): Unemployment Insurance