Jeanne Boeh, professor of economics at Augsburg College, was one of several experts quoted in a recent Star Tribune article on the current state of Minnesota’s economy. She attributes Minnesota’s steady economy to its diversity, which makes it less dependent on agriculture than neighboring states.
“Because we’re a diversified economy, we will keep trudging along at a lukewarm pace and eventually the labor shortages will happen and employers will raise wage rates more in order to get good workers,” Boeh said. “I think we are OK.”
Read Main Street’s mood is resilient despite rocky markets on the Star Tribune site.
Though the $700 billion bailout package became law last week in the U.S., financial markets across the world are in turmoil. Augsburg College as an institution has been fortunate so far and avoided most of the damage. However, faculty, staff, and students are in the same economic peril as our fellow citizens.
Many of us are asking tough questions about the current global financial crisis. How will this affect the future of our economy? What about our current investments, including our retirement funds? Will we still be able to get student loans?
To answer these questions and others related to the financial crisis, faculty members from the business administration and economics departments will host an open panel discussion on Thursday, Oct. 9 from 4 – 5:30 p.m. The panel will be held in the Marshall Room of the Christensen Center, and it will feature the following panelists:
– Business Administration: Ashok Kapoor, Rosanne Malevich, and Marc McIntosh
– Economics: Jeanne Boeh, Kevin Bowman, Keith Gilsdorf
Faculty, staff, and students are welcome to participate in this panel discussion.