New York Times Admits: Yeah, Everything We Knew About The Jobs Market Was Wrong

Hotair ^ | 12/06/2019 | Ed Morrissey

[SeekAndFind]

Did anybody bother to catch their regular columnist, the Nobel Prize Winning Economist, Paul Krugman at all?

I clearly remember him predicting economic catastrophe if the USA elected Trump.

[Eddie01]

Paul Krugman is one of the stupidest people on earth.

[ConservaTexan]

“It isn’t so much that liberals are ignorant. It’s just that they know so many things that aren’t so.” - Ronald Reagan

[Fiddlstix]

[D Rider]

Krugman should be sued for malpractice.

[Eddie01]

He was my commencement speaker in 2007.

I wanted to tackle him.

[Inyo-Mono]

Great job Trump!

[D Rider]

Have to admit, his stupid arrogance brings out violent thoughts in me also.

[catnipman]

“Did anybody bother to catch their regular columnist, the Nobel Prize Winning Economist, Paul Krugman at all?”

i was going to post that i noticed that the NYC article was NOT written by that kommie tool, Paul Krugman ...

[be-baw]

“But one of the few head scratchers in this strong jobs picture is why wages aren’t growing as fast as they did in the late 1990s, when yearly wage growth routinely topped 4 percent.”

Well, Eddie, you can stop scratching your head because I’m going to tell you why wages aren’t growing faster in two words: illegal immigration.

Millions of immigrants flooding the country has greatly increased the supply of labor. As suggested in the article the price of labor holds to the laws of supply and demand as much as any other good in a free market.

[Dark Knight]

Laffer said there was a point after which you do not collect more taxes, probably somewhere between 40% to 60%, but there is a maximum. Liberals believe that if you call a tax something else or hide it in another charge it is not included. It is included no matter what. Trump brought back a business concept and that was a regulation is as good as a tax if there is a compliance cost. Liberals believe taxation and regulation should be tools for their benefit. Especially if you’re part of their group. Everyone is just discovering that even if you are a liberal, you probably are not really a part of their club...a la Hunter Biden. The rest of the gaggle cannot promise other people’s money fast enough.

Personally I believe they have the poop scared out of them, over Trump possibly getting two or three more Supreme Court picks. The supremes are important, but they may lose the circuits too.

DK

[exDemMom]

I’m pretty sure there are still plenty of people who could work but aren’t. Many basement dwelling millennials fit into that category.

[coaster123]

Bill Maher deserves to burn and rot in hell. I hope he slips in the bathroom and cracks his skull on the toilet.

[GOPJ]

And the unemployment rates for African Americans, Hispanics, Asians and Americans with less than a high school education are all at the lowest levels since the Labor Department began keeping track. There’s a lot to cheer.

I don't believe Krugman has EVER been right...but I doubt they'll be willing to go that far in admitting to obvious truth...

[vpintheak]

Just imagine what would happen if CONgress actually repealed 1/2 of the asinine laws and regulations they have on businesses. It would be total gangbusters!

[preacher]

l8r toon

[Pollster1]

“The trouble with our Liberal friends is not that they’re ignorant; it’s just that they know so much that isn’t so.”
- Ronald Reagan

[Fresh Wind]

Paul Krugman is one of the stupidest people on earth.

How can that possibly be? He got a Nobel Prize for economics and is a professor at a prestigious Ivy League university.

Never mind. He is a liberal. That's all you need to know.

[duckman]

“...He got a Nobel Prize....”
So did Zero. Seems like the ‘bar’ is very low.