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View Diary: House passes fair pay bill (Updated) (195 comments)

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  •  Hurt the economy? WHOSE PART of the economy. (1+ / 0-)
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    Casual Wednesday

    That's what I want more people to respond with.

    Remember that most of the classic talking points are half truths.

    Fair pay does hurt profits IF the employer was engaging in unfair pay to begin with.

    So maybe this hurts the stock market, but it helps the broader economy by pushing more money down to individuals who are more likely to spend it or keep it in the bank (where it will reduce the total debt load, another virtuous effect).

    It should be a felony to put fine print in a bill that contradicts the stated purpose of the bill. But then all of Congress would go to prison.

    by toddpw on Tue Jan 27, 2009 at 08:20:56 PM PST

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