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Paul Krugman: The Mellon Doctrine

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Sheila Samples

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Republicans are saying that job destruction leads to lower wages, which leads to job creation. But won't this job creation lead to higher wages, which leads to job destruction, which leads to ...? I need some aspirin. Beyond that, why would lower wages promote higher employment?

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Needy; Paul Krugman; Republicans-GOP; Wages-Salaries, Add Tags

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