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.

Segments From this episode

California communities see increases in pension costs

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

The three C's of historical economic growth

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
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Candace Manriquez Wrenn Producer/Editor
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Rose Conlon Producer
Erika Soderstrom Producer/Director