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Feb 6, 2020

It’s getting pricier to pay for pensioners

China is cutting tariffs on U.S. goods. The cost of pensions is going up in California. We look at what caused the economic explosion of the 19th century. Hint: it wasn’t capitalism.

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Segments From This Episode

California communities see increases in pension costs
by Mitchell Hartman
Max Whittaker/Getty Images
For every dollar the state’s public agencies pay in wages this year, those employers will have to fork over 25 cents on average to CalPERS to cover retiree benefits.
The three C’s of historical economic growth
by Candace Manriquez Wrenn and David Brancaccio
Hulton Archive/Getty Images
The economic boom of the 19th century cannot be attributed to capitalism alone, according to professor Homa Zarghamee.

Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director

Marketplace®

Subscribe:

It’s getting pricier to pay for pensioners

Subscribe:

Segments From This Episode

California communities see increases in pension costs

The three C’s of historical economic growth

Music from the episode

The Team