Not to worry. Paul Krugman will join the City University of New York’s Graduate Center as an economics professor in the Ph.D. program and as a distinguished scholar at the Graduate Center’s Luxembourg Income Study Center.
So, what kind of salary does he get for that position?
According to the National Review:
The City University of New York recently announced that it is going to pay Paul Krugman $225,000 for part-time work studying... income inequality.
That’s $25,000 per month (over two semesters), to “play a modest role in our public events” and “contribute to the build-up” of a new “inequality initiative.”
It is not clear, and neither CUNY nor Krugman was able to explain, what “contribute to the build-up” entails.
For those who don’t know... CUNY, which is publicly funded, pays adjunct professors approximately $3,000 per course. The annual salaries of tenured (but undistinguished) professors, meanwhile, top out at $116,364,
How did the truth become funnier than the best comedians? An idiotic ideologue paid $225,000 to study income inequality.