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Economics, U.S. Economy

Your retirement crisis, in 2 charts

n today’s Wall Street Journal, Syl Schieber and I return to the question of whether Americans face a “retirement crisis,” as many articles and organizations have claimed. The first chart is from the OECD and compares the income of retirees in a given country to the average income in that country. This isn’t a “replacement rate” as generally understood in the US, but it does show the relative well-being of workers and retirees. read more >

Credit: Jim Henderson/Creative Commons
Pethokoukis, Economics, U.S. Economy

The automation danger no one’s talking about

n a recent TechRepublic piece, reporter Erin Carson points out various myths about driverless cars. One of them involves passenger passivity. Although the eventual goal is that your car can motor to the office while you kick back and work on the Penske file or watch a movie, that won’t happen for a while. Carson notes that “despite systems that keep a car in its lane, for example, manufacturers are expecting that car owners will be paying attention with a hand on the wheel and a foot near the brake.” read more >