Paul Krugman on Economic Inequality

http://www.youtube.com/watch?v=5kwA-CwFK5A (Paul Krugman-short version)

Hey everyone,

This is a great video I saw on Youtube that shows Paul Krugman (Economist) explaining the increase in economic inequality and where he believes it began and what influenced it. Here is my take on what I saw in the video.
Krugman showed examples of why income inequality has grown since the Reagan era in which union busts became more apparent. With politicians backing this it created a huge downfall for unionization in America. He does not reject the idea that globalization has had some effect as well but show how years ago both Canada and the US had about 30 percent of the workforce unionized. Since then the US has decreased to about 11 percent while Canada stayed about the same at 30 percent. Both countries have faced the same globalizing markets yet only in America has the amount of Unionized workers dropped so considerably. Along with this many other countries with operations such as Walmart have the huge organizations unionized while this is seldom seen here in America. In America it tends to be the public sector that is mainly unionized and the private sector that is at the other end of the spectrum.

Angel Macias