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Nurses save lives. They practice in a variety of traditional healthcare settings, and classifications of nurses earn different salaries. On average, nursing salaries in the United States are 7% higher than the average job salary nationwide. In fact, the Bureau of Labor Statistics projects that nursing will be among the ten fastest growing occupations of the next decade. For people who want a good-paying, stable nursing job, one class stands in the way: Anatomy and Physiology. Listen to learn how one technical college adapted its nursing program to increase its rate of student success.
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During the Great Depression, high unemployment affected millions of Americans. In this audio story, people who lived through the depression as young people share their experiences of being out of work and hungry, and depending on relatives or strangers for food. The lack of any government safety net for the unemployed meant that people who could not find work were on their own, and many had to resort to begging to survive.
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The United States economy has experienced slow but steady growth since the 2007-2009 recession. Historically, one result of an improving economy should be an increase in the overall level of prices – inflation. This has not been the case, however, and inflation has stayed low. Inflation has remained low in part because most people don’t worry about it rising, and they aren’t rushing to buy products before they go up in price. Listen to this story from Planet Money and hear what low inflation sounds like, and how your behavior can directly affect whether prices rise or fall.
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What should the government spend its money on? With a growing national debt this has become an important question. Economists see the government’s role in providing goods and services to be one that fills a need. The government should pay for things that make our lives better but that the private market cannot or will not provide. Listen to this story from Planet Money to learn the reasons why government has decided to pay for public goods such as lighthouses and autopsies.
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The Federal Reserve System is the central bank of the United States. It is responsible for the effective operation of the U.S. economy and conducts the nation’s monetary policy, stabilizes prices and moderates interest rates, and promotes the safety of individual financial institutions. In 1907, J. P. Morgan organized other leading financiers to backstop a run on banks and bring an end to a nationwide financial crisis. Later, with the encouragement of a powerful senator, a group of New York bankers went on to develop a plan for a central bank that was eventually adopted and that is still in effect today. Listen to the story to learn more about the formation of the Federal Reserve and America’s central banks by Congress.
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