Archive for the ‘Economic Perspective’ Category

Soft skills vs. hard skills

With a new focus on education today, there’s a sense that individuals need training in areas businesses want. Host Mary Walden asked if having a degree or certification in a valued area of study is all it takes to be successful in the job market. Her husband, N.C. State University economist Mike Walden, responds.

The Fed’s plan

Host Mary Walden asks about the new Fed Chairperson Janet Yellen, who recently gave her first congressional testimony as head of the nation’s central bank. Mary asks her husband, N.C. State University economist Mike Walden, “Did Janet Yellen indicate what the Fed’s plan for monetary policy will be?”

Can financial crisis be avoided?

“Fortunately we are now several years past the virtual collapse of our financial system in 2008,” says host Mary Walden. “Lending has gradually been increasing, and legislation has been enacted to try to prevent future downturns.” She asks husband N.C. State University economist Mike Walden why some analysts say this won’t prevent a repeat sometime in the future.

The new health law and jobs

Host Mary Walden asks about the non-partisan Congressional Budget Office, which has the task of analyzing the economic impacts of federal programs, and recently issued a report, saying that the new healthcare law — the Affordable Care Act — could actually lead to fewer jobs in the economy. Needless to say this report has been debated and analyzed ever since its release. She asks her husband, N.C. State University economist Mike Walden, to help us understand this report.

New thoughts on retirement planning

The traditional recommendation for the investment of a retiree’s money was to move away from riskier investments and focus on “save assets” to preserve their nest egg, says host Mary Walden. “But now I understand some financial experts say this might not be the best approach. What are they saying?” she asks her husband, N.C. State University economist Mike Walden.

A new manufacturing paradigm

Host Mary Walden quotes economists as saying that manufacturing is in a transition phase; indeed, they say there is a new model or paradigm for manufacturing of the future. She asks her husband, N.C. State University economist Mike Walden, “What is this model and what does it mean for the U.S. and North Carolina?”

Slow job growth

The good news is that the economy is adding jobs; but the bad news is that the job gains appear to be on the low end by historical standards, says host Mary Walden. She asks her husband, economist Mike Walden, “Do we have an easy answer as to why?”

Economic clusters

Host Mary Walden asks about a buzz phrase heard often in discussions about economic development — economic clusters. Her husband N.C. State University economist Mike Walden responds.

Can higher wages reduce labor costs?

Host Mary Walden asks about the low level of wages paid by many companies. Some argue that such companies are hurting themselves. These folks say companies could actually pay their workers more and at the same time reduce their costs and increase their profits. Her husband, N.C. State University economist Mike Walden describes how this could happen?

What is ‘My RA?’

Host Mary Walden asks about a savings account called My RA that President Obama proposed in his State of the Union Address. Her husband, N.C. State University economist Mike Walden answers the question: What is it and how is it different from existing savings accounts?”

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