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Paul Krugman’s Dismissal of Structural Causes for U.S. Employment Problem Is Misguided

Rebuttal

The Nobel laureate insists our unemployment problems are part of a chronic cycle and require government action—and says arguing the issue is structural is an excuse for doing nothing. Zachary Karabell on why that stance is misguided.

articles/2012/05/14/paul-krugman-s-dismissal-of-structural-causes-for-u-s-employment-problem-is-misguided/paul-krugman-karabell_ypejik
Lai Seng Sin / AP Photo

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