Time (December 13)
“Low fertility threatens to undermine South Korea’s economic future by shrinking its workforce and slowing consumption. It also casts a long shadow over national security by reducing the pool of men available to join the military to counter threats from North Korea.” The number of expected babies per woman in South Korea is forecast to fall to 0.72 in 2023 and “will continue to fall through 2025,” when it will likely bottom out at 0.65.
Tags: Economic future, Fertility, Low, National security, North Korea, Shrinking, Slowing consumption, South Korea, Threats, Undermine, Workforce
USA Today (July 14)
“Raising the minimum wage can lead to higher corporate earnings,” writes Bill Gross, the founder of PIMCO. “Main Street is Wall Street’s best friend…. It is time to let common sense as opposed to the race for short-term corporate profits guide our economic future.”
Tags: Bill Gross, Common sense, Earnings, Economic future, Main Street, Minimum wage, PIMCO, Short-term corporate profits, Wall Street
