I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.
Paul KrugmanRaising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the government subsidize low-wage employment. The earned-income tax credit for low-income workers - which has been the object of proposed cuts by both President Clinton and congressional Republicans - has been a positive step in this direction.
Paul KrugmanAnd when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.
Paul KrugmanEvery once in a while I feel despair over the fate of the planet. If youโve been following climate science, you know what I mean: the sense that weโre hurtling toward catastrophe but nobody wants to hear about it or do anything to avert it.
Paul Krugman