Economy Follow Up: It’s all going to crash!
Well, probably. Some day. But the last two years have not been good for the naysayer expert predictions of imminent doom: Ask anybody on Wall Street last December what was…
Business, Demographics: Lack of kids means lack of toy sales
Mattel Needs Barbie’s Movie Magic to Lift Toy Sales – WSJ Toy R Us filed bankruptcy in 2017 and liquidated everything in 2018. The bankruptcy was blamed on not being…
Demographics: Immigration accounts for 1 in 3 new workers in the U.S.
But the supply of workers has since rebounded by about 10.6 million people. That recovery has owed partly to a pickup in the foreign-born labor force, which has accounted for…
Demographics: Korea to seek more foreign workers
This, at best, can only be a temporary fix: Korea will explore ways to accept more foreign workers to address its low birth rates and workforce shortages, the finance ministry…
Future: Everyone thinks the future will be worse
Even though, historically - as in forever - over time, the world gets better, and in recent decades a LOT better, the non-stop doom and gloom reporting of the media…
Hmmm: Young Adults living at home so they can spend on luxury items and experiences
"A record number of young adults in the US are currently living at home, and all that saved rent is sparking a luxury boom"
Norway’s wealth tax results in a drop in tax revenue
Their 1.1% tax on net wealth (not income) has led to the wealthy leaving the country and a dramatic drop in tax revenue.
Demographics: The coming population collapse
When I was born near the Baby Boom’s peak, many people worried that the population was growing too fast. Today, the shoe is on the other foot. All over the…
Economy: American’s spend half their food budgets eating out – crazy
Insane: Food services made up less than a quarter of consumer food expenditures in the 1950s; they passed 46% for the first time in October and seem destined to become…
Business, Demographics: Economists advocate more immigration to halt wage growth
“More immigration would help meet today’s excess demand for labor, which over time would limit wage and price growth,” wrote Gordon Hanson, an urban policy professor at Harvard and Matthew…