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
Paul Krugman, in a recent article has eloquently discussed the issue of unequally distributed income in the United States (Krugman, 2015). He alludes to a number of general economic principles in this article. He talks about how a major misconception about the effect of taxes on income inequality in the United States has been addressed through a recent research carried out by Branko Milanovic and Janet Gornick. He discusses the issues in detail by comparing the Gini coefficient values of advanced
NY Times contributor Paul Krugman agrees with the candidates and offers his opinion of how the government can pay for the new construction (1). It is common knowledge that US infrastructure is deteriorating and must be improved to continue the economic recovery after the housing collapse in 2008, of the United States. The common definition for infrastructure is the built environment. This includes roads, harbors, dams, schools, and most other manmade structures. Paul Krugman argues that the United
Inequality is one of the main focuses of societal conversations in today’s world, which is unsurprising when the results of inequality exist blatantly in every city in America. Inequality demands the attention of many, including Paul Krugman and David Leonhardt. Each of these authors detailed their ideas regarding inequality in their articles, “Confronting inequality,” and “Inequality has been going on forever…. But that doesn’t make it inevitable,” respectively. The authors in their articles discuss
Crazy Wage Mike Durant once said, “Making it more expensive to create new jobs is a perfect way to guarantee fewer of them.” The recent, “Raise the Wage” campaigns have sparked an interest in many low-wage workers. However, those who support this initiative are unaware of the economic problems that will arise if this is successful. Several cities have already raised their minimum wages and some, like Seattle, are raising it as high as $15 per hour. Currently, supporters of this campaign argue
but it also reduces their chances of affording health insurance and providing better education for their children. Everyone should have equal opportunities regardless of their social class and income. In his article, “Confronting Inequality” Paul Krugman, a professor
protection from penury” (Kamp). This was the first specific goal placed on the American Dream. Another tenet set on the dream was home ownership. “Owning a home lies at the heart of the American Dream” says President Bush according to economist Paul Krugman in a 2008 New York Times Column. Politicians made it out that Americans who didn't own a home, were considered second class and not a real native. William J. Levitt, where “Levittown” comes from, played a another role in “making home ownership
In “Confronting Inequality”, author Paul Krugman explains how bad income inequality is for the American economy while suggesting what to do to fix this growing problem. Krugman covers topics such as the cost of inequality, how the middle class is over extending themselves, education and health care all while appealing to all three rhetorical elements. Krugman’s article has an overall effective and persuasive argument because of the topics he covers and his appeal to the reader with pathos, logos
Sonny Phan 5/7/12 Politics of China Second Paper In the film “China Blue”, a seventeen year old girl, Jasmine Li, works in a Chinese jeans factory. From this documentary we learn about the pay Jasmine was receiving for her hard work, half a Yuan an hour which is equal to about six US cents. We also learn about the condition of the factory and dorms, the rules that the workers have to abide to, and how important these factories are. From just these sweat shops we learn about the economic, social
United States has returned to a time of the gilded age for inequality. The middle and lower class are in need of more help financially and economically. In this article “Confronting Inequality”, by Paul Krugman, claims that inequality is negatively affecting society and democracy. Lastly, I think Paul Krugman is correct about income inequality causing social inequality, and the United States should consider some of his solutions. One could argue, that income inequality causes social inequality. One