In this New York Times column this morning the Nobel Laureate in Economics takes apart the one percent and the Republican party in how they view - and talk about - work. Starting with remarks by Paul Ryan on "the dignity of work" Krugman lays out the framework in this paragraph:
It’s all very well to talk in the abstract about the dignity of work, but to suggest that workers can have equal dignity despite huge inequality in pay is just silly. In 2012, the top 40 hedge fund managers and traders were paid a combined $16.7 billion, equivalent to the wages of 400,000 ordinary workers. Given that kind of disparity, can anyone really believe in the equal dignity of work?The heart of his column is found in three paragraphs:
Think about it: Has anything done as much to enhance the dignity of American seniors, to rescue them from the penury and dependence that were once so common among the elderly, as Social Security and Medicare? Inside the Beltway, fiscal scolds have turned “entitlements” into a bad word, but it’s precisely the fact that Americans are entitled to collect Social Security and be covered by Medicare, no questions asked, that makes these programs so empowering and liberating.Conversely, the drive by conservatives to dismantle much of the social safety net, to