Wall Street Journal polls economists on how to spend our extra $8 a week.
Ethan Harris, Barclays Capital: Get a haircut. It is a purely domestically produced service with extremely high labor content. This means no drain in spending power out of the country: it is “Buy American” without violating any trade agreements. It also has a high impact on employment due to the high labor content.
My wife cuts my hair...maybe we should use our $16 a week to cheaply eat out instead.
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