Paul Krugman

“Raise that Wage” an article written by Paul Krugman focuses on using logos, ethos and pathos to make a point that the minimum wage must be raised. He quotes data from past experiments to help drive his point home, he argues that the minimum wage must be raised so that people can still make a living and by raising the wage it helps fixes a problem that has existed for decades in the pay structure of the United States. Paul Krugman is a professor of economics and international affairs at…

rose by 10% while CEO salaries increased by 2785%! Less numerically outrageous but just as significant, the “after-tax incomes of the top 1 percent rose 157%, compared with only 10% gain for families near the middle of the income distribution.” (Krugman). Americans like to shake their heads and tsk their tongues at the levels of inequality during the Gilded Age but they are unaware that the twenty-first century is a second Gilded Age. In 1915, the top 1% owned about 18% of all income and in…

Essay #2 In his essay titled, “Confronting Inequality,” Paul Krugman discuses the issues of Inequality between the rich and poor and why people should be care about this big issue. One reason inequality happens, according to Krugman, is that wealthy people own the government and use that power to help their interests. To support his claim, Krugman mentions the hedge fund loophole, which is an unjust tax break hedge fund managers take advantage of, which is politically supported by many. This…

poor (Keynesian economics) is the best solution. Paul Krugman is an avid follower of the latter. In “Debt is Good” by Paul Krugman, the author believes, contrary to popular belief, that debt is generally a good thing. Borrowing money in a time of economic downturn is the best time to borrow money. This is because “the federal government can borrow at historically low interest rates” (Krugman, 2015). The debt that is procured can then be used…

or all of these skills well, they can be able to persuade their intended audience. Paul Krugman, a The New York Times writer and a 2008 Nobel Prize winner in Economics writes an article titled “Confronting Inequality.” He writes about the inequality in income and the problems within social classes, mainly in the middle class. Krugman tries to persuade and inform his intended audience about these injustices. Krugman has many different techniques to…

In Paul Krugman's essay "Confronting Inequality," published in his 2007 book "The Conscience of a Liberal.," I personally believe this article could have the potential for a wide audience. Inequality is something a majority of Americans deal with whether they realize it or not. Krugman discusses the many ways America had fallen into distinct gaps of inequality. He presents a highly logical argument in which he reveals why, and how, America has gotten to different points of inequality whether it…

Summary In the essay “The Uneducated American”, Paul Krugman develops an argument dealing with college education in America. His main point is that Americans need a college education which is essential in American’s society. Krugman’s position on college education is clear and he is supporting college education. However, college education is slowly decreasing over the years: “In fact, we have a college graduation rate that’s slightly below average across all advanced economies” (126). Americans…

This article by economist Paul Krugman, is an op-ed piece that appeared in an October 2014 edition of the New York Times newspaper. In the article Krugman, an internationally respected thinker, is critical of Amazon.com’s business practices in the online retail arena. He says that Amazon is acting as a monopsonist, or the only buyer in a market where there are many sellers. He is speaking particularly about the online book publishing and sales market. Mr. Krugman says that Amazon is using…

The article entitled “The Uneducated American” was written by Paul Krugman and published in The New York Times in 2009. Krugman points out the standing of the United States regarding education in comparison to the rest of the world. He expresses concern that the United States will fall behind and no longer be a driving force in education. He arrives at this conclusion due to the current financial issues of the time in 2009. Krugman argues that due to the economic crisis facing the United States,…

is the American Dream really still accessible in today’s societies? In the article, “Confronting Inequality” by Paul Krugman, the author claims that the American Dream is no longer obtainable for most Americans due to the extreme levels of income inequality. The belief of protecting people’s rights to improve their own way of life is the best way to ensure national progress and Krugman believes that the wealth is concentrated heavily on the upper class, making it almost nearly impossible for the…