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Income gap groupies
WALTER WILLIAMS
By Walter E. Williams
November 26, 2005


Princeton professor and columnist Paul Krugman deservedly won Forbes.com's "Dunce of the Week" award for his July 29 New York Times column "French family values."
Mr. Krugman asks, "But are European economies really doing that badly? The answer is no." He adds: "Americans are doing a lot of strutting these days, but a head-to-head comparison between the economies of the United States and Europe -- France, in particular -- shows that the big difference is in priorities, not performance. We're talking about two highly productive societies that have made a different tradeoff between work and family time."
Mr. Krugman's assertion is basically this: The income gap, about 40 percent, is not due to lower efficiency in Europe. It is the result of Europeans working less than Americans. Not because they can't find work, but because they work fewer hours, preferring to spend more time with their families and on leisure.

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