Critique of “Degrees and Dollars”
Paul Krugman is the author of “Degrees and Dollars” which was published in the New York Times on March 6, 2011. Krugman is a professor of Economics and International Affairs at Princeton University, and a Nobel Prize winner for economics in the year 2008 for his work on free trade and globalization making him very credible. He is an expert in the economics field. In this article Krugman brings up points to which he disagrees with students needing a higher level of education to get a great job, and instead the higher skill level jobs will be more vulnerable to being replaced by technology. Krugman states in his article that education is not key to economic success anymore. Technology continues to grow everyday and Krugman shows that technology is harming highly educated jobs, he says “It is universally acknowledged that education is the key to economic success.” He is making a…show more content… The reason for the job market being this way is because technology hurts those who do physical work and helps those who work with their mind. Those who work with information will always see job opportunities as long as technology keeps growing. In his article he clearly shows that technology is speeding up the process of making the real working jobs less needed. Krugman states that our thinking of sending kids through college for them to gain a high level job is just wishful thinking, “It’s no longer true that having a college degree guarantees that you’ll get a good job, and it’s becoming less true with each passing decade.” Krugman ends his article saying we need to restore the power that labor has lost over the years and that we can’t just go giving workers college degrees, which in his words, “may be no more than tickets to jobs that don’t exist or don’t pay middle-class