Krugman starts off more or less all right in this one, arguing that robots aren’t the reason wages aren’t higher. But then he goes off into cloud cuckoo land, blaming the problem on a decline in labor unions. We also discuss the controversy about the connection (now broken, say some) between productivity and wages.

Krugman Column

“Don’t Blame Robots for Low Wages” (March 14, 2019)

Contra Column

“The Link Between Wages and Productivity Is Strong,” by Michael R. Strain

Related Link

The Motor Carrier Act of 1980 (the deregulation of trucking)

Podcast Episode Mentioned

Lew Rockwell interviews Naomi Wolf

Need More Episodes?

Tom and Bob have their own podcasts! Check out the Tom Woods Show, the Bob Murphy Show, and the Lara-Murphy Report.

The Contra Cruise!

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Audio Production by:
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