Posted on 03/07/2011 4:12:54 PM PST by mandaladon
New York Times columnist Paul Krugman doesn't believe education is the key to solving America's economic woes.
Quite the contrary, in his recent article "Degrees and Dollars," the Nobel Laureate argued that the path to a more prosperous nation is for unions to have increased bargaining power and for everyone to have "free" healthcare:
It is a truth universally acknowledged that education is the key to economic success. Everyone knows that the jobs of the future will require ever higher levels of skill. That’s why, in an appearance Friday with former Florida Gov. Jeb Bush, President Obama declared that “If we want more good news on the jobs front then we’ve got to make more investments in education.”
But what everyone knows is wrong.
Krugman then laid out the major flaw in this premise: technological advancements are diminishing the value of education. With each new piece of software being created, some workers are becoming obsolete:
[A]ny routine task — a category that includes many white-collar, nonmanual jobs — is in the firing line. Conversely, jobs that can’t be carried out by following explicit rules — a category that includes many kinds of manual labor, from truck drivers to janitors — will tend to grow even in the face of technological progress.
And here’s the thing: Most of the manual labor still being done in our economy seems to be of the kind that’s hard to automate. Notably, with production workers in manufacturing down to about 6 percent of U.S. employment, there aren’t many assembly-line jobs left to lose. Meanwhile, quite a lot of white-collar work currently carried out by well-educated, relatively well-paid workers may soon be computerized.
(Excerpt) Read more at newsbusters.org ...
We need to restore the bargaining power that labor has lost over the last 30 years, so that ordinary workers as well as superstars have the power to bargain for good wages. We need to guarantee the essentials, above all health care, to every citizen."...Redistribution of wealth is what these commies want.
Americans can bend over and kiss their rears and their country goodbye.
Hard to believe this joker got a Nobel prize.
real Americans would be too busy with target acquisition to bend over and kiss anything.
No - easy to believe.
Well, Gore and Obama got one. All the luster has gone out of the Nobel prize. I think the Ig Nobel prize is better.
Krugman is an EINO. Economist In Name Only. He is really more of a Democrat political partisan who will shape his economic argument to fit whatever the Democrats are trying to achieve politically. I think he has lost all credibility assuming he had any in the first place.He won the Nobel Prize not necessarily because of his brilliance in the field but because the Eurosocialists awarding the prize are suckers for Keynesian economics. Krugman is a tool who has always been wrong about his predictions for the future.
They just downgraded his company to 7.00 a share
I not sure any Country would ever listen to this idiot.
Friggin' commie scum.
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