The three frequent readers of my blog over the last several months probably noticed a repeating theme to my posts: population. A logical question to ask would be, why this focus? Quite frankly, and this is my opinion, population is the root of economic activity and the very economic actors we attempt to model.
A little data update regarding the North Dakota population. More of these will follow for sure. Looking at the American Community Survey over the last few years the percentage of the North Dakota population with hispanic origin is on the rise, and according to the last update for July of 2014 it is now above 3%.
In honor of international women’s day here is an age breakdown for women in the state of North Dakota. More statistics and discussion to follow.
Anybody that knows me is aware of the importance I place on population metrics in the sphere of economics. We do not get demand without people. Supply does not just miraculously appear, people work and make goods and services. So it is not overstatement when I say there are fundamental ways that people matter for economic outcomes. Every so often though, we go into an odd place. I recently attended a presentation by a Chief Economist for a mutual fund company and he showed a graph qualitatively similar to the following,