Dennis Hoffman, speaking at the Economic Club of Phoenix first monthly luncheon of the 2016-2017 season, said the headwinds for the next president: Aging baby boomers are one cause for the declining labor force participation rates.
For the first monthly Economic Club of Phoenix luncheon of the 2016-2017 season, the keynote speaker was Jason Clemens, executive vice president of the Fraser Institute. He shared about Canada’s pre-reform days and its 1990s era of restructuring, as well as the country’s reform results. Could these examples be useful for the United States as it goes through similar problems?
A Bloomberg article references to research that paints an exhausting picture of work in the U.S. — longer days, less vacation time, and later retirement.
In 2004, Nobel Laureate and W. P. Carey Professor of Economics Ed Prescott started the debate about why Europeans, as a whole, work so much less than Americans. His answer: Europe’s higher taxes dull the incentive to work. Alex Bick, also an economics professor at the W. P. Carey School, has taken the question a step further: Could tax differences also explain differences in how much married men and women work?
Up until recently the U.S. labor market has been viewed as on the uptick, especially after research conducted by the U.S. Federal Reserve cemented the idea.
Arizona’s unemployment rate rose in July for the fourth consecutive month, which dampens news that the state’s longer-term job growth remains relatively better than the nation’s.
