One reason we have a labor force participation rate of 62.4 percent is because retirees, students, the disabled and people who care for family do not work.
Partially reflecting more women in the labor force, the participation rate rose from the 1970s until recently but now the mystery is why it is falling.
This week’s stories on everyday economics include productivity, externalities, tax revenue, monopolistic competition, international trade and economic forecasting.
Decreases in supply, increases in demand and legislative price ceilings are resulting in “network adequacy” problems for U.S. healthcare systems.
This week’s stories on everyday economics include baby boomer dependency ratios, disposable income, human capital, the price system, the money supply and the iPhone 6 supply chain.
Although the gender pay gap can be women earning 78 cents for every dollar a male earns, the data, depending on so many variables, is more complicated.
Our Wednesday Environment Focus Every morning, with my yogurt, I enjoy a strawberry-grape smoothie and then later, writing this blog, I munch on almonds. And, like me, other baby boomers are buying more strawberries and raspberries, almonds and pistachios. The problem is…
If the proficiency scores of US workers are low and the safety net spending for baby boomers is high, then we have what Barron’s calls the “baby boom budget bomb.” In a just-released report, the Organization for Economic Cooperation and…