Paul Krugman - Income Inequality and the Middle Class

Nobel Prize-winning economist and New York Times Op-Ed columnist Paul Krugman discusses the history of the American "middle class," and argues that growing income inequality may threaten its existence.
bobknight33says...

His thinking is very bad logic and will doom any society. HE praises unions but just about all companies that have unions are on the edge of failure. Auto, Airline, Teachers.

NetRunnersays...

>> ^bobknight33:

His thinking is very bad logic and will doom any society. HE praises unions but just about all companies that have unions are on the edge of failure. Auto, Airline, Teachers.


It's like you didn't even watch the video. The entire thing is just him recounting statistics about equality.

packosays...

>> ^bobknight33:

His thinking is very bad logic and will doom any society. HE praises unions but just about all companies that have unions are on the edge of failure. Auto, Airline, Teachers.


obviously someone drinks the Kool-aid

please, expand on how the unions are crippling these industries, and elaborate on how these very same industries (infact same companies in alot on instances) are doing just fine outside of the US with unionization

pensions in the North American auto industry is the only thing I think you may have stumbled upon

but I'd like you to hear your argument as to how the wages/benefits these industries pay out (ESPECIALLY the airline and teachers in particular) are crippling these industries

because I mean, you definitely seem to be equating these industries being unionized with their failure

and not things like lack of funding (education) or business strategies (North American automotive industry) or innovation

perhaps if unionization isn't as big a hinderance outside of the US as it is in the US, maybe the problem really lays somewhere else

also expand on the "very bad logic" statement... which points in particular he made you disagree with and why

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