Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 2, 2020

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Wed Oct 16 11:45:23 +0000 2019

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Paul Krugman @paulkrugman

Here's labor productivity over the past 30 years. It's slowing down! Output per hour rose 36% from 1996 to 2007, only 15% from 2007 to 2018. If automation is replacing people, why aren't we producing more with fewer people? 4/ https://t.co/BkA0BE5NZJ — PolitiTweet.org

Posted Oct. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

Of course there are always jobs being eliminated by technology somewhere. Remember when there were hundreds of thousands of longshoremen? But the idea that machines are replacing people en masse presumes that overall labor productivity is soaring, when the truth is the reverse 3/ — PolitiTweet.org

Posted Oct. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

What we do have is a persistent problem of weak demand; yes, we have full employment now, but only with extremely low interest rates, which means little ability to respond to the next downturn. This makes a strong case for a big government investment program 5/ — PolitiTweet.org

Posted Oct. 16, 2019 Hibernated