Forgiving Debt vs. Paying Higher Wages—Which is the Better Strategy?

August 6, 2019

Some people would like the government to forgive all student loan debt. The government would take a big hit.

Some people would like to see the minimum wage raised; that might allow some people to earn a living and still pay off their student loans.  Business would take a big hit, and some say that giving people that raise would doom the economy.

I would like economists to run the numbers and see which way helps the country more.