04-01-2013, 11:58 PM
cbelt3 wrote:
Back of the envelope calculation says it's about a .25% effect on the economy of Wisconsin.
Don't forget the economist's favorite fiscal calculation tool, the multiplier effect. Depending on how you evaluate that, a quarter percent reduction on the state's payroll could very well have a half to 2% effect on the overall economy. Those teachers and administrators buy businesses products and services, after all.