- The COVID‑19 pandemic likely worsened fertility trends because crises tend to lower birth rates, which reduces the future cohort of workers and can accelerate demographic decline.
The COVID‑19 pandemic likely worsened fertility trends because crises tend to lower birth rates, which reduces the future cohort of workers and can accelerate demographic decline.
- The 'Asian Century' narrative became overhyped because its vagueness let it evade scrutiny and be endlessly repeated, allowing optimistic expectations to accumulate without being tied to concrete metrics.
The 'Asian Century' narrative became overhyped because its vagueness let it evade scrutiny and be endlessly repeated, allowing optimistic expectations to accumulate without being tied to concrete metrics.
- A 2011 federal cap on debit interchange fees exempts banks under $10 billion, so tiny banks keep more interchange revenue and can pass it to customers as generous debit-card rewards while big banks cannot.
A 2011 federal cap on debit interchange fees exempts banks under $10 billion, so tiny banks keep more interchange revenue and can pass it to customers as generous debit-card rewards while big banks cannot.
- The United States has many more banks and branches because historical laws once limited banks to a single location or a single state, so meaningful nationwide consolidation has only been possible since the 1980s and 1990s.
The United States has many more banks and branches because historical laws once limited banks to a single location or a single state, so meaningful nationwide consolidation has only been possible since the 1980s and 1990s.
- Falling consumer sentiment cuts spending because people who fear worse job prospects save more, and that reduced demand then lowers employment and wealth creation in a reinforcing negative cycle.
Falling consumer sentiment cuts spending because people who fear worse job prospects save more, and that reduced demand then lowers employment and wealth creation in a reinforcing negative cycle.
- Many firms hoarded labor during the hiring boom to avoid future shortages, and because rehiring is costly and demand later became uncertain, companies preferred keeping extra staff or using temporary workers instead of mass layoffs.
Many firms hoarded labor during the hiring boom to avoid future shortages, and because rehiring is costly and demand later became uncertain, companies preferred keeping extra staff or using temporary workers instead of mass layoffs.
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