Mr. Krugman. When the economy and jobs are booming, you don’t find 100 people sending in and otherwise applying for one ten dollan hour job. That is what is happening in the real world.
How old I must be! I recall when married men were VERY happy to find a job paying ten dollars a DAY because it would support a family! Now ten dollars won’t buy a fast food lunch for two and soon it probably won’t buy lunch for one. If not for the boom in crude oil production in this country we probably would be paying ten dollars for two gallons of gasoline or less. I remember when it would buy more than FIFTY gallons. Yet some people still keep insisting that somehow things are far better than they were when I was a child.