Krugman on Spain


Nobel Price and New York Times Op-ed Columnist Paul Krugman wrote about Spain  (here) on January 19th. It does not make the news today but is still a toodler. 

 Krguman thinks Spain's own real estate bubble burst was worse than Florida's and that one of the few things Spanish goverment can do is try to reduce wages. I think wages in Spain are really low as is. 

He goes on to say that workers do not move from distressed regions to those with better prospects in Europe. I agree with Krugman on this one.  Based on my experience, regular folks in Spain do not move fetching a better job, period. 

What is your own experience about workers mobility? What's going on in your country for other people. 

Last Updated ( Tuesday, 15 June 2010 16:07 )