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Showing blog posts tagged with Paul Krugman

Krugman Says Increased Spending, Not Austerity, Key to Creating Jobs

Richard Trumka and Paul Krugman

Before a packed crowd at AFL-CIO headquarters in Washington, D.C., Nobel-Prize winning economist Paul Krugman said the way to ease the economic crisis in the United States is to create more jobs through increased public investment, raising wages and restoring workers’ ability to bargain collectively. Austerity policies are the last thing we should be doing. The event was part of AFL-CIO's Book Club series. Krugman discussed major themes in his book End This Depression Now!, which was just released in paperback.

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Krugman on ‘Sequester of Fools’

Paul Krugman has a pretty straightforward plan to deal with the sequester that’s due to hit March 1. The New York Times columnist and Nobel Prize-winning economist says, “The right policy would be to forget about the whole thing.” 

He bases his proposal on what Federal Reserve Vice Chair Janet Yellen said in her keynote address to the Trans-Atlantic Agenda for Shared Prosperity conference at the AFL-CIO headquarters in Washington, D.C., earlier this month. Fiscal austerity, such as the sequester and the latest doomsday alert from the Bowles-Simpson duo, is the enemy of real economic recovery. 

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Unemployment Is Still the Real Crisis

Photo courtesy of www.unemployedworkers.org, a project of the National Employment Law Project (NELP).

Paul Krugman reminds us in his New York Times column today that the real economic problem right now is a jobs crisis—not a deficit crisis. The unemployment rate may have dipped, but the number of jobless workers is more stubborn. So why aren’t pundits and the rest of the Inside-the-Beltway crew screaming about unemployment?

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How Many Jobs Will the U.S. Lose if Romney Is Elected?

How Many Jobs Will the U.S. Lose if Romney Is Elected?

According to a Cornell University study of janitors and security guards, when service sector jobs are outsourced, even within the United States, workers in those jobs are paid lower wages and receive fewer health benefits.

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Krugman: Challenge to Nation's Economy Political, Not Technical

Krugman: Challenge to Nation's Economy Political, Not Technical

It’s not technically hard to put millions of unemployed workers back on the job—the real challenge is political, says Nobel Prize-winning economist Paul Krugman. Even returning the public-sector jobs that have been slashed at the state and local levels could lower the unemployment rate to nearly 7 percent or under, he said.

Krugman spoke this week at the Economic Policy Institute (EPI) and on a variety of media outlets around the nation to promote his new book, End This Depression Now! In short, says Krugman:

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Pink Slime and the Ryan Republican Budget

Pink slime may be disgusting but, unlike Rep. Paul Ryan’s (R-Wis.) budget that House Republicans passed last week, at least it has some nutritional value, writes The New York Times columnist and Nobel Prize-winning economist Paul Krugman.

The “empty promises,” in what Krugman calls the “most fraudulent budget in American history,” don’t.

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Public-Sector Job Cuts: It’s a Red-State Thing

Just over a year ago, the 2010 midterm elections saw Republicans seize control of both branches of the legislatures in 11 states. Then, while talking up the notion of job creation, they set about cutting their state and local public workforces with a ferocity unseen in decades.  The most recent numbers, according to the Roosevelt Institute, are stark.

The 11 states are Alabama, Indiana, Maine, Michigan, Minnesota, Montana, New Hampshire, North Carolina, Ohio, Pennsylvania and Wisconsin. Together, they eliminated 87,900 state and local public jobs—more than 40 percent of the total cut.

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Iceland’s Recovery Proves Fallacy of Economic Austerity

As Greece teeters toward collapse because of austerity measures imposed upon it by international lenders, the current doctrine of cutting public employment and programs in the midst of an economic crisis perhaps deserves a reassessment.

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EPI Honors Krugman with Distinguished Economist Award

Paul Krugman, The New York Times columnist and Nobel Prize-winning economist, was honored last night with the Economic Policy Institute’s (EPI‘s) first-ever Distinguished Economist Award.

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N.J.’s Wowkanech: Workers’ Rights, Civil Rights Same Struggle

At a jammed Electrical Workers (IBEW) hall in Trenton yesterday, New Jersey State AFL-CIO President Charles Wowkanech reminded the audience of union, community and civil rights activists that Dr. Martin Luther King Jr.:

“understood the link between economic justice and social justice, and that the fight for labor rights and civil rights was the same struggle.”

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