Premium Essay

Response To Krugman's The Great Divergence

Submitted By
Words 512
Pages 3
In “ The great Divergence” Krugman discusses the divergence between the rich and the poor. He explains that everyone who is below 90 percent of the wage distribution, and below the top 10% saw their income growing slowly than the average. Whereas, the top 10 percent, half of their wages come from the earnings of the top executives. In addition, krugman then explains that the economy and job market are changing. Even today, our society is becoming technologically advanced and now jobs expect people to obtain skills that meet their job skills. Consequently, that also affects other people. Immigration has been a controversial issue for decades and Krugman brings this up when comparing jobs and skills. “Immigrants make up at least 15 percent of the workforce(Krugman, 494)”. On the other hand, he discusses that some people are placed in jobs because of their skills. For instance, immigrants look for blue collar jobs because they are less skilled, compared to other who obtain skills that can help them move up the ladder. Another interesting thing he mentions is comparisons between increase of income overtime. Krugman compares CEOs and school teachers. Both have seen an increase of income, but CEOs have seen an increase rapidly while school teachers see an increase gradually overtime. …show more content…
He emphasizes that people who come from an inadequate income have a higher chance of living an impoverished life because of the adversities that they face. Another factor that plays a role within poverty is unemployment. Comparisons. BEtween Western Europe and the U.S. Show that the U.s. Rate is 4-5 percent, while other countries it is extremely high. Overall, within the United States we have seen many inequalities through each spectrum. In particular, with people of color. He states that African Americans are more likely to be poorer than

Similar Documents

Free Essay

Economic Geography

...ECONOMIC GEOGRAPHY Y U K O A O YA M A J A M E S T. M U R P H Y SUSAN HANSON KEY CONCEPTS IN key concepts in economic geography The Key Concepts in Human Geography series is intended to provide a set of companion texts for the core fields of the discipline. To date, students and academics have been relatively poorly served with regards to detailed discussions of the key concepts that geographers use to think about and understand the world. Dictionary entries are usually terse and restricted in their depth of explanation. Student textbooks tend to provide broad overviews of particular topics or the philosophy of Human Geography, but rarely provide a detailed overview of particular concepts, their premises, development over time and empirical use. Research monographs most often focus on particular issues and a limited number of concepts at a very advanced level, so do not offer an expansive and accessible overview of the variety of concepts in use within a subdiscipline. The Key Concepts in Human Geography series seeks to fill this gap, providing detailed description and discussion of the concepts that are at the heart of theoretical and empirical research in contemporary Human Geography. Each book consists of an introductory chapter that outlines the major conceptual developments over time along with approximately twenty-five entries on the core concepts that constitute the theoretical toolkit of geographers working within a specific subdiscipline. Each entry provides...

Words: 94626 - Pages: 379

Premium Essay

Bank

...RETHINKING THE EAST ASIAN MIRACLE JOSEPH E. STIGLITZ AND SHAHID YUSUF Editors RETHINKING THE EAST ASIA MIRACLE JOSEPH E. STIGLITZ AND SHAHID YUSUF Editors A copublication of the World Bank and Oxford University Press i Oxford University Press Oxford • New York • Athens • Auckland • Bangkok • Bogotá • Buenos Aires • Calcutta • Cape Town • Chennai • Dar es Salaam • Delhi • Florence • Hong Kong • Istanbul • Karachi • Kuala Lumpur • Madrid • Melbourne • Mexico City • Mumbai • Nairobi • Paris • São Paulo • Singapore • Taipei • Tokyo • Toronto • Warsaw and associated companies in Berlin • Ibadan © 2001 The International Bank for Reconstruction and Development / The World Bank 1818 H Street, N.W., Washington, D.C. 20433, USA Published by Oxford University Press, Inc. 198 Madison Avenue, New York, N.Y. 10016 Oxford is a registered trademark of Oxford University Press. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Cover design and interior design by Naylor Design, Washington, D.C. Manufactured in the United States of America First printing June 2001 1 2 3 4 04 03 02 01 The findings, interpretations, and conclusions expressed in this study are entirely those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations...

Words: 190305 - Pages: 762