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Krugman's point is not uncontested: http://www.scottsantens.com/our-paradoxical-economy-courtesy-of-technology-and-the-lack-of-basic-income http://www.scottsan

Krugman's point is not uncontested: http://www.scottsantens.com/our-paradoxical-economy-courtesy-of-technology-and-the-lack-of-basic-income http://www.scottsantens.com/our-paradoxical-economy-courtesy... Additionally, even if we're not peering around the metrics for dynamics hiding behind them, there's the question of how much of the by-Krugman's-metric still rising (if not "soaring") productivity it would take to soften the labor market. I'd like to think he knows the answer to that question, but it isn't clear.

JamesBarney 7y ago
His central argument is that IT is only increasing productivity in open source software and does not cause any productivity improvements in businesses, which is a strange argument. But low demand also explains everything he talks about. When you hear hoof beats think horses not zebras.
- asfgjkladmxvn 7y ago
  > When you hear hoof beats think horses not zebras. It depends where you are of course...