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It is information...but if you read my original comment you will see that the benefit of such increased income is far outweighed by other considerations. As I r
by MrTonyD 10y ago
It is information...but if you read my original comment you will see that the benefit of such increased income is far outweighed by other considerations. As I recall, even Krugman himself described that gain as very small (small single digit percents), and potentially mistaken (depending on the average of small numbers across studies.) We, as a society, are paying huge prices for what may be a statistical anomaly.
- maxerickson 10y agoHe says as everyone who is even slightly familiar with the numbers knows, the share of compensation in U.S. national income has been quite stable in recent decades. The implication of that is that workers are receiving the benefits of trade and increasing productivity, and it doesn't read as ambiguous or potentially mistaken to me.
- MrTonyD 10y agoI've been reading Krugman for decades. He has said a lot of things.