Sunday, February 22, 2015

Rip Van Skillsgap?

Paul Krugman says the "skills gap" is not a compelling explanation of recent inequality trends. He shows us this graph:

I grant you, the message here is that getting a college education was not a ticket to prosperity over the past decade plus. Except, of course, relative to NOT getting one!

Sorry Paul, but the skill premium is part of the story, even if you and I agree it is not the main part. The push toward more and better education for America's kids remains an essential long-run strategy for economic equality, not to mention quality of life.

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