Paul Krugman is an American Economist, as well as a distinguished professor of economics at the Graduate Center of the City University of New York. He considers himself to be a liberal, as can be seen on his blog- the conscience of a liberal. Krugman writes about economics and politics. Krugman writes about both Trump and Hillary, and it seems he favors Hillary more than trump. Trump’s Delusions of Competence is the name of an article written by Paul Krugman. In this article he talks about how people think that Trump can manage the economy better than Hillary because he is a very successful businessman. At first he questions why people might think this way, then In the article he states” The answer, I suspect, is that voters see Mr. Trump …show more content…
Does him knowing how to manage a business automatically make him more qualified? Krugman states “Does business success carry with it the knowledge and instincts needed to make good economic policy? No, it doesn’t.” The answer is no, it doesn’t make him more qualified than Hillary. Krugman also says “But while we haven’t had many business leaders in the White House, we do know what kind of advice prominent businessmen give on economic policy. And it’s often startlingly bad, for two reasons. One is that wealthy, powerful people sometimes don’t know what they don’t know — and who’s going to tell them? The other is that a country is nothing like a corporation, and running a national economy is nothing like running a business.” While Trump might be a very successful business man that doesn’t mean that he will be successful at running the economy, because as Krugman said running a national economy is nothing like running a business. He then talks about how trump said that our wages are too high and sort of hinted at wage cuts. Krugman says “these feedback effects from wage cuts aren’t the sort of things …show more content…
He starts with saying “Mrs. Clinton’s core message was that the federal government can and should use its influence to push for higher wages.” Unlike trump who said that our wages were too high and most likely wanted wage cuts, Hillary wants to push for higher wages. Krugman starts talking about labor wages and the why it may be low or the problems with it. The article states “In particular, the conventional wisdom attributed rising inequality to technological change, which was raising the demand for highly educated workers while devaluing blue-collar work. And there was nothing much policy could do to change the trend, other than aiding low-wage workers via subsidies like the earned-income tax credit.” This isn’t true according to Krugman because there is no evidence that highly educated workers actually helped much. He states “But the case for “skill-biased technological change” as the main driver of wage stagnation has largely fallen apart. Most notably, high levels of education have offered no guarantee of rising incomes — for example, wages of recent college graduates, adjusted for inflation, have been flat for 15 years.” This shows that the employment of highly educated workers isn’t really helping the economy as the wage for recent college graduates has been flat for 15 years. Now he begins talking about how raising the minimum wage isn’t actually a bad thing.
This week for PLN I read "Is College Worth It? Clearly, New Data Say" by David Leonhardt is about how college is worth it even with its cost. In the article, it describes how important a degree is. It said in the article that 98% of people with a degree made more money than people without a degree. There is nothing inevitable about this trend. If there were more college graduates the pay gap would shrink. The true cost of a degree is negative $500,000. The unemployment rate for 25 and 34 years old is 3%. That is from having a degree. The average hourly wage for a college graduates has risen 1% to 32.60.
Why Mary Surratt should not have been executed Mary Surratt should not have been executed. Mary Surratt could have helped a little bit but not enough she should have been executed. One reason Mary Surratt is innocent is because she didn’t know they were going to kill Lincoln. In source 2 it says “It is possible the Mary knew of the kidnapping but not the plan to kill Lincoln.” This means she might not have known the were planning to kill Lincoln so she could be innocent.
President Donald Trump has only been in office for a few months, but a great many people find his plutocratic ways of this country unsustainable. One of those people is Joseph Epstein. Epstein writes in the article “Trump and the Plutocrats Hubris” about how he feels that it is wrong of Tump to think he will be a great president, just because he is a great businessman. In the piece, the author takes a subjective view on the matter and uses rhetorical devices such as diction and hyperboles to try and persuade the reader to think as he does.
Throughout the article, Krugman’s diction is displayed in a colloquial manner, often using terms such as “flub,” “wimps,” or “hacks,” in order to not overwhelm the reader and attract a wide-range audience. On occasion, he also dictates formally to highlight the negatives of the current and “incompetent” administration and their lack of commitment. Krugman’s syntax also contains the
Krugman starts off his essay by painting the picture of his younger days in a rather fair and middle-class American society. The theme of his writing is centered around policies with the power to reverse the extreme economic imbalance the United States has been challenged with. The excessively divided American economy contradicts the basis of America’s birth: “Ever since America’s founding, our idea of ourselves has been that of a nation without sharp class distinctions- not a leveled society of perfect equality, but one in which the gap between the economic elite and the typical citizen isn’t an unbridgeable chasm” (Graff, Birkenstein,
In the article “Trump and the Plutocrat’s Hubris,” from the Wall Street Journal, Joseph Epstein writes an objective piece entailing misconceptions regarding the Trump administration. He argues against the preconceived notion that having a lot of money, leads to an effective government. He uses instances from his own life that help prove his point and convinces the audience that what he is saying is the truth. In order to effectively propose his beliefs, Epstein utilizes rhetorical questions, critical, and informative tones.
Price then realized that since it was the workers that were making these productivity gains, their minimum wages should increase. As a result, he cut his own salary to fund a company-wide increase of the minimum wage to seventy-thousand dollars (Keegan). Price’s actions reflect the importance of workers and their contributions to a firm. These gains should be going to the workers since they are the source of the productivity gains. CEOs can implement a program or buy technology to increase rates of production, but it is up to the employees as a collective mass to actually execute this action. Disbursing these productivity gains would contribute to increasing the minimum wage, inherently moving families up closer to or above the poverty line. Ranks show that forty percent of Americans between the ages of twenty-five and sixty-six will spend one year below the poverty line and fifty-four percent will spend a year at or near that line (Kiernan 182). For workers to still live in poverty is because without them, there would be implementation of the good or service a CEO is trying to provide. Employees are the basis of production and should be valued more than the current minimum wage. Increasing the minimum wage would also prevent people from working nonstandard hours to earn more money, which would increase the living standard. Workers that have nonstandard hours tend to be single mothers with children, who are then forced to leave their children alone
As the 2016 US Presidential Election rapidly approaches, Americans continue to stand divided by party lines, with the moderates being tugged on both sides, with hopes that swaying them will put a candidate in office. However, in this critical moment that recurs every 4 years in the nation’s history, the dichotomy is drawn even deeper between the Republican and Democratic parties, with candidates on either side suggesting radically different solutions to the nation’s problems. Paul Krugman, a famous American economist, would support Hillary Clinton for the 2016 National Democratic Primary and the 2016 Presidential Election due to the unrealistic growth expectations Republicans are promising, the healthy economic policy liberals support, and
Nationwide government officials often wonder how this country is going to overcome unemployment, and the common misconception is through the provision of low wage jobs. By providing people with some source of income, congress believes millions will no longer depend on government aid. In actuality, however, providing minimum wage work is not going to solve such a drastic problem now, in the future, or at all for that matter. Minimum wage ($5.15), while serving at the socially acceptable pay standard, does not even compare with the nationwide ?living wage? of $10.18 (Ramisch). It is becoming increasingly more difficult to survive on such tragic wages, yet there is often little debate because it is money, and every little bit matters when it comes to paying bills.
Unfortunately, much of America did not heed Krugman’s warnings when his first book was released in 1999 because America was still rising high. Technology and the top businesses of the day were just starting and booming very fast and smoothly. While technology and internet giants such as Google were growing, the United States’ government’s budget surplus was also increasing. Yet, our government departments--Federal Research and Congress still insisted that capitalism should be a free market--that it will save itself, that regulating credit default swaps was unnecessary. Americans were overconfident with their past successes and forgot to look to other countries as models. Now, lasseiz-faire has turned around to bite America in the butt.
In order to begin to understand the argument at hand, one must first be understand who the people are on either side of the wage increase argument and who are the people affected by low wages and possible wage increases. In a research study done by Drew Desliver, in 2015 it was reported that 73 percent of people in the United States support minimum wage increases. This figure represents 90 percent of democrats, 71 percent of independents and 53 percent of republicans. As statistics show the party with the most objections to wage increases is the Republican Party, but the question is why do they oppose such increases? For Many years republicans have been accused of being all for the wealthy while the lower classes suffer and struggle, to date this argument still stands. In recent months as the democrats fought with republicans over the federal budget for the 2016-2017 fiscal year President Obama accused the republican senate of “putting forward are a path to prosperity for those who have already prospered....tax cuts for the wealthy financed by slashing programs for everyone else.” (Davis, 2015) In this article the president essentially says that the republicans are more focuses on sustaining the wealthy population than improving
“The most dramatic event in the history of relations between Mexico and the United States took place a century and a half ago.” (Document C, Paragraph 1) The Mexican War started in 1846, and ended in 1848. President Polk and Texas agreed that the Texas-Mexico border was the Rio Grande River. But when President James K. Polk heard Mexicans were the first to fire upon Americans at Texas, America was prepared to go to war. The majority of Congress agreed on the war vote too. In the Senate, the votes were 40 to 2, and in the House of Representatives it was 174 to 14. “Restless spirits, discontented at home … joined them ….” (Document D, Paragraph 3) Though the Mexicans were the first to start the war, the Americans had a play in it too. There are many different perspectives on the Mexican War, and many people wonder if it was reasonable or not. One opinion is that the United States was unjustified in going to war with Mexico because America robbed Mexico, invaded Mexican territory, and took advantage of Mexico’s offers.
wage does more harm than good to the working class people. The hope of every American
"The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years."
Have you ever lost someone close to you because of a bad decision, or a bad decision someone else made? Drunk driving and driving under the influence of drugs is the leading cause of death in the United States. Everyday 28 people die in the U.S. because of a drunk or drug impaired driver. Everybody makes bad choices, even you and me, but there is a difference between a bad choice and a bad choice that can put others at risk of injury and death.