I DIDN'T LIKE THIS THE FIRST TIME I READ IT

I thought Paul Krugman had gone over to The Dark Side in this 12/17/2008 NYT blog post:

There’s no obvious reason why consumer demand can’t be sustained by the spending of the upper class — $200 dinners and luxury hotels create jobs, the same way that fast food dinners and Motel 6s do. In fact, the prosperity of New York City in the last decade — largely supported off of super-salaried Wall Street types — is a demonstration that you can have an economy sustained by the big spending of the few rather than the modest spending of large numbers of people.

But NYC also has LOTS of union workers and they earn pretty good money.

Here are a few examples:

Subway trains and public buses. 38,000 working, 26,000 retired

Other public employees. 125,000 working, 55,000 retired

Hotel workers. 28,000 working