Data Shows Link Between Labor Shortage, Long COVID
It has been a little over two years since the Covid-19 pandemic afflicted the U.S. According to the Centers for Disease Control and Prevention, as of October 2022, daily cases reached over 97 million and deaths surpassed one million. Hochheimer, Vange, “Data Shows Link Between Labor Shortage, Long COVID”, Journal of Business, November 2022.
Drivers of Core Inflation: Wage Growth and Spending by Younger Consumers
The U.S. Federal Reserve Bank closely tracks overall inflation, especially core inflation. Core Personal Consumption Expenditures (PCE) is the inflation measure economists prefer to track as it excludes the volatility of energy and food prices. Excluding spikes in energy and food prices allows economists to disaggregate inflation and measure changes in the price of “core” […]
A Portfolio Diversification Argument for Social Inclusion
As a financial economist, I teach my students about the business case for closing the education opportunity gap and striving for a diverse labor force. In a nutshell, given a globalized world, comprised of a melting pot of ethnicities with different tastes and preferences, it would be risky to create and invest in products designed […]
Education Achievement Linked to Economic Growth
State data are clear that educational outcomes impact earnings, health, crime, and homelessness. Many of us find the topic of economic development in our region exciting. After all, what is there not to like about new businesses, more jobs, higher incomes, less poverty, low crime and sprouting infrastructure? Excitement about the prospect of increased economic […]
Near Nature, Near Perfect, Economically Stable,
As we reflect upon the last 30 years of the Journal of Business and the greater Spokane business climate, an old Tim McGraw song, “My Next Thirty Years,” comes to mind. The song begins: “I think I’ll take a moment, celebrate my age. The ending of an era and the turning of a page. Now […]
Education key, but state funds lag
As parents of young children, my husband, Manny Hochheimer, and I have big dreams for our young boys. For our family, those dreams begin with making sure that our children receive the best education they can. We knew that we were making the right decision when we relocated four years ago to Spokane from Denver. […]