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Paul Krugman: Work of Depressions Watch Empty Paul Krugman: Work of Depressions Watch

Post by Guest Sun Mar 27, 2011 11:04 am

The right question to ask, with regard to all such arguments, is, where are the scarcities? If we have the wrong kind of workers, then the right kind of workers must be in high demand, and either be in short supply or have rapidly rising wages. So where are these people? If the problem is lack of skill, then highly skilled workers — such as recent college graduates — should be doing well. If the problem is too many carpenters in Nevada, then non-carpenters somewhere else must be doing well. Who? Where?

http://krugman.blogs.nytimes.com/2011/03/22/work-of-depressions-watch/

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