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It behooves one to read the comment thread replying to Dr. Krugman's post. Many arguments emphasizing the disparity between real output vs. employment in manuf
by uoaei 7y ago
It behooves one to read the comment thread replying to Dr. Krugman's post.
Many arguments emphasizing the disparity between real output vs. employment in manufacturing. Paul Krugman is wrong surprisingly often about these sorts of things. He cherry-picks one graph and says that this graph, combined with the opinions of cherry-picked esteemed colleagues, supports his conclusion, when ample evidence exists and is provided in near-real-time to refute it.
- fizzbuzz123 7y agoOh dang guys the comment section dunked on a Nobel Winning Economist. Lol
- JamesBarney 7y agoMind pointing to some of the evidence that it's a weird supply side issue that is automating jobs without making people more productive?
- icelancer 7y ago>> Paul Krugman is wrong surprisingly often Not that surprising if you examine his incentive structure. It is best for him to misrepresent issues like this, QE methods during the Bush/Obama administrations, etc.