Today’s release of the Bureau of Economic Analysis’ survey of personal consumption expenditures by state would generally be a mundane bit of data. But not this time, because this report offers strong proof that Act 10’s reduction of take-home pay had a negative impact on Wisconsin’s economy, by having the reductions in take-home pay for hundreds of thousands of public employees lead to fewer items being bought.
Via New data proves Act 10 hurt Wisconsin’s economy @ Jake’s Economic TA Funhouse.