Opinion

Paul Krugman could receive $25,000 per month for income inequality initiative

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Beltway Confidential,Opinion,New York,New York City,Ashe Schow,The New York Times,Income Inequality,Paul Krugman

New York Times author and liberal economist Paul Krugman has been offered a position as a distinguished scholar for a nine-month stint at the City University of New York's Luxembourg Income Study Center, which researches income inequality.

Krugman has also been nominated to become a distinguished professor for LIS, which would bring with it a hefty $225,000 salary. (Krugman's nomination was first reported by Gawker.)

That means that Krugman, while working to research income inequality, will earn nearly five times the median household income of residents of New York City -- for nine month's work.

In addition to the lavish salary that most of us 99-percenters could only dream of, Krugman was also offered an additional $10,000 for research and travel, up to $10,000 for moving expenses and his own graduate assistant or two.

Oh, and Krugman “will not be expected to teach or supervise students,” for that moolah. Instead, he will be “asked to contribute to” building up LIS’s “inequality initiative and to play a modest role in our public events.”

But that harsh workload will intensify in Krugman’s second year of employment, when he will also be required to “teach one seminar per year.”

Krugman will serve as a “distinguished scholar,” and CUNY points out that the “usual workload would be four units, one course equals one unit, and a total of five tutorials and/or dissertation advisements equal one unit.”

CUNY's regular adjunct professors typically earn less than $3,000 per course. These adjunct professors would have to teach 75 courses (or give 375 tutorials and/or dissertation advisements) to earn what Krugman will earn -- for teaching just four courses.

How’s that for income inequality?

But I guess the ends justify the means, right? That's why Al Gore is allowed to fly on private jets to bemoan global warming, right?

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