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Paul Krugman: Degrees and Dollars

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If we want a society of broadly shared prosperity, education isn't the answer -- we'll have to go about building that society directly. We need to restore the bargaining power that labor has lost over the last 30 years, so that ordinary workers as well as superstars have the power to bargain for good wages. We need to guarantee the essentials, above all health care, to every citizen.

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