Question
Read this Paul Krugman article from the New York Times, April, 2022, A Small Earthquake on Staten Island a.) What are the parallels between 1928
Read this Paul Krugman article from the New York Times, April, 2022, "A Small Earthquake on Staten Island"
a.) What are the parallels between 1928 and 2007 that are drawn in the video in terms of income distribution and the stability of the economy? Cite at least two parallels and explain how they relate.
b.) Explain why it is that the middle class - not the wealthy - are the true "job creators"? You may use the explanation of Nick Hanauer, the owner of the pillow manufacturing firm, here.
c.) Robert Reich says, "The question is not inequality per se; the question is, when does inequality become a problem?" when do you think inequality becomes a problem? Pick two of the solutions Reich mentions and discusses in the video and explain whether you think these would work or are adequate
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