Paul Krugman

@paulkrugman ↗

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Last Checked May 11, 2021

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Sat Apr 11 15:26:29 +0000 2020

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Paul Krugman @paulkrugman

A little table: fixed assets in 2018 from BEA https://t.co/1Bfa7JUSyO, employment from BLS https://t.co/GfoGTVoap7, implied capital per worker in thousands of dollars. 3/ https://t.co/ittsthDSc0 — PolitiTweet.org

Posted April 11, 2020 Hibernated

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Paul Krugman @paulkrugman

If you look at it more closely, it's even worse than it appears on casual observation. Why? Because oil&gas extraction is extremely capital-intensive, so almost none of the benefits flow to workers. 2/ — PolitiTweet.org

Posted April 11, 2020 Hibernated

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Paul Krugman @paulkrugman

If I'm reading this right, oil&gas 40X (!) as capital-intensive as overall private sector. Also included hospitals, bc Rs trying to block additional funding despite Covid 4/ https://t.co/JMPCjZofIw — PolitiTweet.org

Posted April 11, 2020 Hibernated