You know, there is an almost admirable insanity to raising the minimum wage into the teeth of a high unemployment rate. But if you are going to sell your soul to the devil, really, you should get a better price.
More practically, what sort of advisers are so inept that they did not foresee this reaction?
FWIW, Piketty and Saez advised Hollande's party before. They even had time for a policy book on the French public finances.
ReplyDeleteNot bad in terms of academic PF, don't you think?