Economists wonder where the “next big thing” will be. That is, what will be the next industry that will employ people and create growth? I understand some people say it may be an industry that creates a positive out of a negative, says host Mary WaIden. She asks her husband, NC State economist Mike Walden, “What is it?”
There’s a theory in economics that says if residents are unhappy with their local taxes, they will be more likely to move. Host Mary Walden asks her husband, NC State economist Mike Walden, “Is there any evidence supporting this idea?”
Many older adults move when they retire, while many rural areas are lagging in economic growth. Host Mary Walden asks her husband, NC State University economist Mike Walden, “Can these two facts be put together to create economic improvement?”
Gas prices rose about 40 cents a gallon between last November and this spring. There are always many theories explaining movements in gas prices, says host Mary Walden. Which one makes most sense to you, she asks her husband, NC State University economist Dr. Mike Walden.
We’ve seen many changes in everyday living during the past two decades, with computers, the Internet and smart phones, says host Mary Walden. And more changes appear to be coming in information technology, robotics and even driverless cars. She asks her husband, NC State economist Dr. Mike Walden, “Have we ever seen so much dramatic change before in our history?”
Though most people are unfamiliar with the names of economists, the name John Maynard Keynes may generate some interest, says host Mary Walden. Keynes is associated with government stimulus programs, which are very controversial. She asks her husband, N.C. State economist Mike Walden to give a thumbnail summary of Keynes’ ideas.
Recently “equal pay day” was celebrated to highlight the continuing difference between average salaries of male workers compared to female workers. Females earn less, although the difference has been gradually shrinking over time. Host Mary Walden asks her husband N.C. State economist Mike Walden, why should there be a difference at all in what males and females earn?
You obviously majored in economics in college, whereas my focus was education and psychology. Yet you and I had a recent conversation that brought economics and psychology together, and it involved money, says host Mary Walden, who tells her husband, N.C. State University economist Mike Walden, “Your comments fascinated me. Give our listeners a summary.”
Every month, when they are released, the job numbers receive a tremendous amount of scrutiny. Analysts focus on two measures: the unemployment rate and the number of jobs created. But some economists say neither is the best gauge of the job market, says host Mary Walden. “What do they say is?” she asks her husband, N.C. State University economist Mike Walden.
For much of the last half century, one of the major trends in the country has been increased driving, says host Mary Walden. Vehicle ownership rose. Households moved to the suburbs, and road construction couldn’t keep up with the increased driving. But this hasn’t necessarily been the case in recent years, she tells her husband, N.C. State University economist Mike Walden, and asks, “What happened?”