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Krugman on Jobs: New Grads Will Bear Scars of Crisis

Complete Premium video at: Paul Krugman explains that even though the current economic crisis may not be on the same scale as the Great Depression, it's still going to leave an indelible scar on the next generation. "The kids who are graduating into the 2011 job market are never going to have the lives they should have had," says Krugman. ----- Experience talks, conversations and readings from the 92nd Street Y's vast archive, featuring Nobel Laureates and world leaders, giants of literature and science, legendary entertainers and artists, and the fascinating people who have graced the Y's stage over the last 75 years. Important Note: This footage was recorded live and has been manufactured from the best-quality video master currently available. The 92nd Street Y is a unique fusion of community and culture. Since its founding in 1874, it has become an international model not only for outstanding programming in the arts, education and public discourse, but also for its pioneering community programs for children, parents and seniors. For more information, visit Paul Krugman is the sole recipient of the 2008 Nobel Memorial Prize in Economics. He writes a twice-weekly column for the Op-Ed page of The New York Times, along with a blog, The Conscience of a Liberal, which is also the title of his acclaimed 2007 book. He is a professor of economics and international affairs at Princeton University, and the author or editor of 20 books and more than 200 professional journal articles. Jeff Greenfield, a veteran political, media and culture reporter, returned to CBS News as senior political correspondent in May 2007. He contributes to the CBS Evening News with Katie Couric, The Early Show, CBS News Sunday Morning and other CBS News broadcasts, as well as
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