Paul Krugman Income Inequality and the Middle Class
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10:46
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Also, unions are NOT corollary to total worker compensation...which again rises as the income gap WIDENS. Unions are NOT corollary to worker fatality rates falling, worker compensation rising, or even child labor ending. They are a myth. He knows this and is a liar, or is an idiot...a useful idiot. There is no way he can say factually that unions helped bring up middle and lower class wages, or that the income gap and capital accumulation that cause higher production didn't cause higher wages.
ProIndividual 10 months ago
Do they give anybody a Nobel Prize? This man is a fraud or an idiot.
Income share in a market society always continues to get more and more unequal. This can continue infinitely, hence what makes market economics sustainable if not in bed with government. As income share drops for the lower classes, and ir raises for the upper classes, the compensation rises for those same lower classes. It's a fact! The rising income gap is corollary with higher production and higher wages! This dude sucks!
ProIndividual 10 months ago
@jasonprall11 Study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians. - Brett Barkley, Econ Journal Watch, May 2010
islandmuffin 1 year ago
I like Krugman's funny and subtly smug attitude...
...guys like him keeps alive the glimmer of hope in every cynic or at least reassure them they're not insane...
I'd like to see him team up with William K. Black in a panel discussion vs Bernanke and Blankfein.
With popcorn and a Gin Tonic, it would surely promise to be good comedy...
worldismorphing 1 year ago
How could somebody that is so intelligent, be so wrong? All of the things he listed that supposedly created the middle class, did exactly the opposite. He is speaking complete falsity. We were much more egalitarian before WWII. What on Earth is he talking about?
jasonprall11 2 years ago
smartass
bowieavolubilis 2 years ago