So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces… — Paul Krugman Copy Share Image
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side… — Paul Krugman Copy Share Image
People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to… — Paul Krugman Copy Share Image
It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run… — Paul Krugman Copy Share Image
If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it… — Paul Krugman Copy Share Image
“And that's just the beginning. More and more, conventional wisdom says that the responsible thing is to make the unemployed suffer. And… — Paul Krugman Copy Share Image
Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is… — Paul Krugman Copy Share Image
Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t… — Paul Krugman Copy Share Image
On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment… — Paul Krugman Copy Share Image
People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened. — Paul Krugman Copy Share Image
Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment… — Paul Krugman Copy Share Image
“The Internet’s impact on the economy has been no greater than the fax machine’s….ten years from now, the phrase “information economy” will sound silly.… — Paul Krugman Copy Share Image
You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation. — Paul Krugman Copy Share Image
However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance… — Paul Krugman Copy Share Image
The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and… — Paul Krugman Copy Share Image
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed. — Paul Krugman Copy Share Image
...academic credentials are neither a necessary nor a sufficient condition for having your ideas taken seriously. If a famous professor repeatedly says stupid things,… — Paul Krugman Copy Share Image
It’s not about the budget; it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining… — Paul Krugman Copy Share Image
