Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 7, 2020

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Sat Sep 21 19:59:00 +0000 2019

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Paul Krugman @paulkrugman

This is actually the third such tipping point in US history: divergence from the mid-19th to early 20th centuries, then convergence to 1980 or so, and now divergence again. This is a fundamental change in dynamics, probably associated with the knowledge economy 4/ — PolitiTweet.org

Posted Sept. 21, 2019 Hibernated

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Paul Krugman @paulkrugman

I offer three main arguments/insights. First, our theories of regional economic dynamics suggest that there will be occasional "tipping points" when convergence flips into divergence or vice versa. And circa 1980 we seem to have flipped into divergence 3/ — PolitiTweet.org

Posted Sept. 21, 2019 Hibernated

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Paul Krugman @paulkrugman

And it's not just money. Places like KY and WV had the same life expectancy as NY as recently as 1990; now they're 5 years below. Social problems are festering in lagging regions — and divergence is feeding political polarization 5/ — PolitiTweet.org

Posted Sept. 21, 2019 Hibernated