For several decades, city populations have been growing much faster than populations in rural areas and small towns. Indeed, many worry about a brain drain of the best and brightest leaving rural regions for the bright lights of the city. What’s motivating this shift? NC State University economist Mike Walden answers.
Should North Carolina offer incentives to attract a new auto-assembly factory and the benefits it could bring to the state? Mike Walden weighs the opposing viewpoints.
Over the last two decades, even before the recession, job growth has been slower in the United States than it was in earlier years. Some say that’s been the result of foreign imports. N.C. State University economist Mike Walden considers the evidence.
North Carolina used to be a small-town and rural state. In fact, we were traditionally one of the most non-urban states in the country. Today, the majority of North Carolinians live in urban areas – or, as some call them, metropolitan areas.
When many of us shop for products or services, we immediately think of brand names, such as Coke, Pepsi, Amazon and Hanes. How important are brands? And why do buyers use them? N.C. State University economist Mike Walden explains.
The television program House Hunters on HGTV follows first-time homebuyers in their quest to find the perfect home. Host Mary Walden asks her husband NC State economist Mike Walden, “Besides being entertaining, are there some good economic lessons in this show?”
The “people magnet” that North Carolina has become is largely responsible for its rapid population and economic expansion. But will this growth continue?
Raising children is probably the most important thing that parents do. But, anyone who has done it knows it is costly, both in terms of time and money. Every year the federal government publishes numbers estimating the money costs. Host Mary Walden asks her husband NC State economist Mike Walden, “What are the latest amounts?”
The recession crushed the wealth of many households. But numbers show that these losses have at least stopped in recent years. Host Mary Walden poses this question to her husband, NC State Economist Dr. Mike Walden: I suspect that like income, changes in wealth vary per different groups of households. Am I correct?
Economics, often called the science of choice, wouldn’t exist unless we were confronted with choices about how to use our limited resources.