One of your cousins recently retired from a career as a welder. He told his children not to follow in his footsteps as a welder, arguing it was very hard work and was a dying occupation, says host Mary Walden to her husband, N.C. State University economist Mike Walden. She then asks, “Is he correct?”
The optimistic and pessimistic views of our long-term economic future couldn’t be more different. Perhaps rather being one or the other, the future might be a combination of the two.
A long time ago, I learned that sometimes the simple things are the most important. Some are saying this should be the guiding principle for our economy, especially as it applies to using our resources, says host Mary Walden. She asks her husband, N.C. State University economist Mike Walden, “Please explain.”
For the first time in centuries, perhaps since the Middle Ages, experts are predicting an eventual limit for the world’s population. This is after decades of an exploding population and concerns about adequate resources, says host Mary Walden. “What has caused the turnaround?” she asks her husband, N.C. State University economist Mike Walden.
I can remember when I was a child several decades ago (we won’t say how many) that my family worried a lot about my grandparents, says host Mary Walden. That wasn’t unusual because living in old age wasn’t easy for many economically. Once they stopped working, older folks had no labor income and pensions were meager. “Has that changed today?” she asks her husband, N.C. State University economist Mike Walden.
The endowment will be used to provide scholarships for Wilson County 4-H’ers enrolled in an agriculture, business or health sciences undergraduate or two-year curriculum in any school in the UNC system or N.C. Community College system — including the College of Agriculture and Life Sciences and its Agricultural Institute.
New Fed Chair Janet Yellen recently held her first press conference. She was asked about rules or statistics the Fed would use to make decisions about changing interest rates. Some say Chairperson Yellen’s answer created more confusion than clarity, says host Mary Walden, who asks her husband, N.C. State University economist Mike Walden, “What happened?”
We still have an unemployment rate that is much higher than we’d like, says host Mary Walden. It is nowhere near the 4.5 percent jobless rate we had prior to the recession. Still, the rate has come down substantially from the highs of four years ago. She asks her husband, N.C. State University economist Mike Walden, “Do economists think we could see further drops?”
Demographers say the millennial generation, those born after 1980, is now larger in numbers than the boomer generation, which includes individuals born from 1946 to 1964, says host Mary Walden. She asks her husband, N.C. State University economist Mike Walden, “What kinds of implications does this have for the economy?”
Those using the cyber currency called bitcoin suffered a big shock recently: Apparently hackers were able to steal between 2 million and 3 million dollars’ worth of bitcoins. As a result, the value of a bitcoin in terms of dollars was cut in half, says host Mary Walden. She asks her husband, N.C. State University economist Mike Walden, “Is this the end of the cyber currency experiment?”