Boudreaux: “If Krugman is correct that what’s going on is a shift of labor income from ordinary to extraordinarily skilled workers…” This is the exact opposite of what Krugman says. Donald J. Boudreaux, if you’re going to tell a lie, don’t tell such an easily checked one.

September 30, 2012 § Leave a comment

Fucking Boudreaux:

“(1) If Krugman is correct that what’s going on is a shift of labor income from ordinary to extraordinarily skilled workers, this fact doesn’t necessarily mean that compensation (“wages,” let’s call it for short) isn’t keeping up with productivity growth….”

http://cafehayek.com/2012/09/wages-productivity-rates-of-return-and-investment-quick-thoughts.html

Fucking Krugman:

“Not the perfect comparison, but good enough. Notice the difference in scales. College graduates have made only modest gains, and basically nothing after 2000; even advanced degrees weren’t giving anything like the gains we see for the top 1 percent (and the much bigger gains of the top 0.1 percent).

Yes, college grads have done better than non; but inequality in America is mainly a story about a small elite pulling away from everyone else, including ordinary college grads. And we’ve know this for a long time!”

http://krugman.blogs.nytimes.com/2011/11/02/a-mind-is-a-terrible-thing-to-lose/

 

Just an addendum on the role of the top 1 percent versus the college-noncollege differential…Just about all of the redistribution has taken place from the bottom 80 to the top 1 (and we know that most of that has actually gone to the top 0.1)…It’s a tiny minority, not a broad class of well-educated Americans, who have been winning here.

http://krugman.blogs.nytimes.com/2011/11/03/inequality-trends-in-one-picture/

 

Google.  10 minutes.

Advertisements

What?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Boudreaux: “If Krugman is correct that what’s going on is a shift of labor income from ordinary to extraordinarily skilled workers…” This is the exact opposite of what Krugman says. Donald J. Boudreaux, if you’re going to tell a lie, don’t tell such an easily checked one. at - Invisible Backhand -.

meta

%d bloggers like this: