Gruber is a "Lump of Labor" economist. The theory Wu and other economists are fighting is known as "lump of > labor," and it has maintained traction in the U.S., particularly in a > climate of high unemployment. The theory dates to 1851 and says if a group > enters the labor market - or in this case, remains in it beyond their > normal retirement date - others will be unable to gain employment or will > have their hours cut. > **** > Jonathan Gruber, an economist at the Massachusetts Institute of Technology > who edited a book on the subject for the National Bureau of Economic > Research, said it's a frustrating reality of his profession: That those > things he knows as facts are disputed by the populace. > > "If you polled the average American they probably would think the > opposite," he said. "There's a lot of things economists say that people > don't get and this is just one of them."
Geez, I wonder why people are so stupid that they don't get "things economists say" ? On Wed, Nov 19, 2014 at 8:22 PM, Eugene Coyle <[email protected]> wrote: > > One remark is going to cost this economist a lot of money. > > He was billing very large sums to some states and the Federal govt. They > are wondering now about his work. Larry Summers defends him. > > > U.S. NEWS > Fallout From Gruber’s Remarks Spreads > Economist’s Comments on Affordable Care Act’s Passage Prompt Vermont to > Cut Ties, Michigan Lawmakers to Seek Probe > > Nov. 19, 2014 7:38 p.m. ET > 36 COMMENTS > WASHINGTON—The fallout over comments made by a Massachusetts Institute of > Technology economist about the Affordable Care Act has spread to the > states, where both Republicans and Democrats are pulling back from a man > who sold his expertise about health systems. > > Vermont said it won’t continue to pay Jonathan Gruber for his work on its > health-insurance plan, which aims to create universal coverage financed > with public funds. Michigan lawmakers said they plan to investigate work he > did for that state. > > Meantime, some Republicans in Washington are calling on Mr. Gruber to > return some or all of the more than $6 million he and associates received > in federal and state grants and contracts since 2000, under the Obama and > Bush administrations, because they say the veracity of his findings is in > question. > > Wednesday’s moves are the latest reverberations from the discovery of > remarks made by Mr. Gruber that the health law, championed by President > Barack Obama, passed because of the “huge political advantage” of the > legislation’s lack of transparency. He also referred to the “stupidity of > the American voter.” > > < snip > > > full at > http://online.wsj.com/articles/fallout-from-grubers-remarks-spreads-1416443910?mod=WSJ_hpp_MIDDLENexttoWhatsNewsFifth > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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