December 13, 2013

Globalization in a Nutella Jar

Kevin D. Williamson, National Review

The story we’re told about the rich getting richer, the poor getting poorer, and the middle class getting squeezed is more complicated than the version you get from the politicians — or from the former economists who practice politics in the pages of the New York Times. But there is income polarization, and wages in the middle are stagnating. If you want to know why, don’t go reading Paul Krugman’s latest column. Read the label on a jar of Nutella.

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TAGGED: Nutella, Trade, Global Economy, Globalization

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