Paul Krugman Quotes
We should not idealize unions. Occasionally they were corrupt, and sometimes enforced inefficiency. But they helped keep us a middle class society because they provided a counterweight to the power of wealthy individuals and corporations.
Paul Krugman, Economist & Political Columnist, Nobel Laureate in Economics, “The Spiral of Inequality,” Mother Jones, November/December 1996
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He had squads of thugs that he would “rent” out to other gangsters for their enforcement activities and to unions to protect themselves from goons and intimidate non union workers. However, he would not let his men work as goons and strike busters or for companies—despite huge pay offers—to keep their workers in line, a common practice at the time.
After a CIO retail clerks’ union led a strike against Montgomery Ward, Bridges’ union declared that their union and other unions should oppose any labor strikes during World War II.
Paul Robin Krugman is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times. In 2008, Krugman was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services.