Americans began taking their foot off the gas pedal well before the recession. Energy an urban-planning nerds have been pondering a very interesting question these days – has the U.S. passed peak car? Ever since the recession, Americans have been driving less, getting fewer licenses, and using less gas. But is that just the work [...]
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There will be significant growth for jobs that require a college education and occupations in health care, energy and technology. The jobs market for the future currently looks bleak. The unemployment rate has been stuck above 7 percent since December 2008, according to the Bureau of Labor Statistics. And as futurist Thomas Frey recently told [...]
Between the ages of 25 and 34, 41.3% percent of Americans will spend at least a year earning less than 150 percent of the poverty line. In the world’s richest country, poverty is an astonishingly common experience. Almost 40 percent of American adults experience it for at least a year by age 60. But poverty [...]
The “sharing economy” is revolutionizing the way Americans think about ownership and commerce. In New York City, you can rent a room on Airbnb, catch a ride with Uber, sell your old threads on Modabound, and leave your nine-month-old with a shared nanny. The “sharing economy” is revolutionizing the way Americans think about ownership and commerce. It’s [...]
Cheap solar is a new trend changing the world. It’s hard to keep up with what’s going on in the world these days. Some facts are familiar to anyone who reads the news. Unemployment is high. Growth is slow. Shale gas is a big deal. But beyond the headlines, shifts are changing the U.S. economy and [...]
A high-speed rail station in China. Less than four years ago when the cavernous rail station for China’s new high-speed trains were nearly deserted when it opened they opened. But, not anymore.
The Bureau of Labor Statistics has recently released their data on consumer expenditures for 2012. For the poor, food, clothes, and housing account for more than 60 percent of all spending. The rich have more left over for leisure, insurance, and savings.
The economic recovery belongs to the rich. It seemed ominous in 2007 when the share of national income flowing to America’s top 1% of earners reached 18.3%: the highest since just before the crash of 1929. But whereas the Depression kicked off a long era of even income growth the rich have done much better [...]
The report describes how technological innovation, particularly as it relates to the Internet of Everything (IoE), could lead America’s economy out of a “slow-growth rut.” The Internet of Things could be just what the U.S. economy needs. The Progressive Policy Institute released a report today titled “Can the Internet of Everything bring back the High-Growth Economy?” [...]
Like the unemployment rate, the employment-population ratio is also affected by labor participation. The US jobs report last week added to a long string of lackluster monthly installments of data, but at least one thing has been looking up: The unemployment rate is ticking down steadily, dropping almost a tenth of a percentage point with each new [...]