economy

St. Louis on the Air
4:37 pm
Mon July 28, 2014

Is The Middle Class Eroding? You Weigh In

This is a follow-up to Monday's "St. Louis on the Air" show about the middle class. Hear the audio from that show and read Kyle Jacoby's story to find out what the experts said about the middle class, the economy and the American Dream.

You've heard it before: The rich get richer while the poor get poorer. But what about those in the middle?

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St. Louis on the Air
4:04 pm
Mon July 28, 2014

As The Middle Class Dwindles, Is The American Dream Still Realistic?

Credit Flickr/Rob Lee

The rich are getting richer. The top 5 percent of earners in the U.S. accounted for nearly 40 percent of personal consumption expenditures in 2012, according to the Institute for New Economic Thinking. That is up from 28 percent in 1995. 

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Tech jobs in St. Louis
12:20 pm
Fri July 4, 2014

Report Says STEM Jobs In St. Louis Are Hard To Fill

Credit Flickr user omervk

A recent Brookings Institution report looks at millions of job openings across the country to see how hard it is to fill science, technology, engineering and mathematics (STEM) positions in a hundred metro areas. The answer: hard.

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Economy & Innovation
3:27 pm
Tue June 24, 2014

St. Louis’ Job Growth Slow Compared To Other Cities

Credit (provided by the St. Louis Federal Reserve)

The St. Louis area's job growth has lagged far behind other Midwestern cities and the national average since 2010, but things could be turning around.

The metropolitan area saw 1.8 percent growth in the number of jobs from 2010 to 2013. By contrast, Kansas City had double the growth with 3.5 percent; Chicago saw 4.5 percent, and the national average was even higher at 4.7 percent.

Federal Reserve economist Charles Gascon said St. Louis’ number — about 22,000 jobs over the three years — is a reflection of a near freeze in job growth here in 2011 and 2012.

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Tax Cuts
9:56 pm
Tue June 17, 2014

Commentary: Policies Will Widen The Wealth Gap

Credit buzzybee | sxc.hu

It probably says something about our times that the book that’s sold out on Amazon is not the latest Twilight thriller but a dense, 700-pager by a French economics professor: Capital in the Twenty-First Century by Thomas Piketty. He’s also making the rounds of TV talk shows like an A-list actor promoting a new movie.

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The Rundown
10:33 pm
Mon April 14, 2014

Economy & Innovation Rundown: Imagination And Startups

The Victoria building stood at the corner of Eighth and Locust streets. It has since been demolished. This photograph was taken in 1940 when St. Louis had more than 800,000 residents.
Credit (Historic American Building Survey at the Library of Congress)

On Friday, Arch Grants announced the finalists for its 2014 Arch Grants Business Plan Competition. The field has been whittled down to 46 entrepreneurs. Twenty of those finalists will win $50,000 each along with business support services to help them launch amazing businesses. In exchange for winning, they have to locate, or relocate, to St. Louis for at least a year.

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The Rundown
9:16 pm
Mon March 24, 2014

Economy & Innovation Rundown: Building Cities And Taking Down Trolls

What does a giant rubber ducky have to do with economy and innovation? Read on to find out.
Credit (Credit: flickr/Hiroshi Nishino)

We all know that St. Louis is unique in many ways — our passion for baseball; our obsession with bricks; our Arch.

It turns out, the region is even unique when it comes to gentrification. Two area academics wrote about their research on St. Louis gentrification in nextSTL.com.  They say the preconception about gentrification is that upwardly mobile whites move into urban neighborhoods and push out the largely minority, low-income population that lived there originally.

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The Rundown
9:49 pm
Mon March 10, 2014

Business & Economy Rundown: Putting The 'Fun' in 'Fundraising'

AB InBev could be gearing up for a major acquisition.
Credit (via Flickr/ChrisYunker)

If you are a regular listener to our radio airwaves, you may have noticed that St. Louis Public Radio has been asking for your financial support  to help keep our station up and running.

There are a million reasons to become a member and if you enjoy reading this Rundown, then that is one of the reasons. If you haven’t yet contributed, I encourage you to do so.

That’s the end of my pitch to try to get you to contribute… so read on!

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Economy & Innovation
9:42 pm
Mon March 3, 2014

Commentary: Working Women Explain Much Of The Change Since 1960 In Income Distribution

More women are graduating from college and getting high-paying jobs.
Credit Marinela

Income inequality in the United States is a hot-button political issue in this mid-term election year. Advocates for substantial increases in the minimum wage, for instance, believe that imposing higher wages on employers will reduce poverty and lessen income inequality. The evidence just does not justify this claim. Workers who remain employed after the increase are made better off on the backs of those workers who face reduced hours or unemployment following government-mandated wage hikes.

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St. Louis on the Air
4:34 pm
Mon February 24, 2014

In The Competition Between The U.S. And China, Where Does St. Louis Fit In?

(via Flickr/iChaz)

According to World Trade Center St. Louis executive director Tim Nowak, the number one destination for St. Louis exports is China. With such a direct link to the St. Louis economy, the future of U.S.-China relations is particularly significant to the St. Louis region.

In his new book “Contest of the Century,” Financial Times journalist Geoff Dyer offers an in-depth look at the increasingly competitive nature of that relationship. He is in St. Louis for a presentation tonight at the St. Louis County Library.

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