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Feb 6, 2020

It’s getting pricier to pay for pensioners

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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.

Stories From this episode

California communities see increases in pension costs

by Mitchell Hartman Feb 6, 2020
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.
Max Whittaker/Getty Images
Econ Extra Credit with David Brancaccio

The three C's of historical economic growth

by Candace Manriquez Wrenn and David Brancaccio Feb 6, 2020
The economic boom of the 19th century cannot be attributed to capitalism alone, according to professor Homa Zarghamee.
A Newcastle coal wagon of 1773 on a railway line from "A Picture History of Railways" by C. Hamilton Ellis.
Hulton Archive/Getty Images

Music from the episode

Dani California Red Hot Chili Peppers

The team

Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Brian Allison Engineer
Miguel Contreras Digital producer
Meredith Garretson Producer
Rose Conlon Producer
Michael Lipkin Producer