Ep. 181 Don't Blame Robots for Low Wages
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 23 March 2019
⏱️ 39 minutes
🧾️ Download transcript
Summary
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.
Show notes for Ep. 181
Transcript
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| 0:00.0 | Contra Krugman, episode 181. |
| 0:05.7 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
| 0:10.4 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the |
| 0:15.1 | arrows of Krukman. |
| 0:16.3 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:20.4 | It's time for Contra Krukman. |
| 0:24.6 | Come on now, folks. If you ain't going to start that side hustle now, then when? Check out my free |
| 0:29.1 | ebook, Five Paths to an Online Income, where I take you step by step through five things that I do |
| 0:35.4 | that keep food on the woods household table and how you can do them |
| 0:39.2 | too. Check it out at paths to income.com. Hey everybody, Tom and Bob here with another episode of |
| 0:45.7 | Contra Krugman, and this time we're talking about robots, and we're going to say one and a half |
| 0:51.1 | cheers for Krugman, one and a half cheers. |
| 0:57.0 | Out of the normal three that you might want to give somebody, |
| 0:59.6 | we're going to give Krugman a cheer and a half. |
| 1:00.6 | Okay? |
| 1:03.3 | I don't know what a half a cheer sounds like, but we're doing it. |
| 1:05.1 | That was it. |
| 1:07.6 | Oh, that was your half a cheer. |
| 1:08.0 | Okay. |
| 1:12.8 | Yeah, half a cheer is what you'll get after your opening statement in our debate on the Conferruz. |
| 1:17.3 | Oh, man, I thought of that one on the fly. |
| 1:20.1 | It sounds like I planned that in advance, but I didn't. |
... |
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