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?”
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?”
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.
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?
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?”
Host Mary Walden asks about a boom in the vehicle buying, sales of all vehicles, including larger vehicles on the rise. She asks why gas prices of over $3 are discouraging consumers buying big cars and trucks. Her husband, N.C. State economist Mike Walden responds.
Host Mary Walden asks about the Panama Canal – a major trade route – that is now over 100 years old. The canal is being widened, and the new version is set to open next year. She asks N.C. State economist Mike Walden, “What will this mean for our economy?”
Host Mary Walden asks if we are going through another workplace revolution related to the development and use of information technology. Economist Mike Walden responds to the question, “Do we know how this revolution will impact jobs?”
Host Mary Walden asks, “Mike, for the last couple of decades, clothing prices have been dropping relative to other prices. Their decline has at least helped families deal with rising gas and healthcare prices. But now I understand low clothing prices may soon be a thing of the past. What’s happened?”
Unemployment benefits were recently reduced for many people, both in North Carolina and the country. Some say this will motivate those without jobs to look harder for work and eventually get hired. N.C. State University economist Mike Walden explains the economic evidence that suggests this happens.