From a resource standpoint, the important point of this comparison is that including the marginal external costs of production and allocating resources based on the full social cost results in a higher price for the good (Ps > Pp) and less output (Os < Op) than only including the private costs.
Today, the nation's farmers are 17 years older than the average American worker, with the ranks of farmers who are 75 years and up outnumbering those in their prime working years of 35 to 44. One big reason U.S. farmers are going gray: spiraling costs.
Canada is looking at a shortage of one million tradespeople by 2020. The average age of a tradesperson in Canada reached 40 in 2007, four years older than it was in 1987.The average age of welders is 56. The average framers and finisher are also in their 50s.In a clear sign that not enough is being done to encourage Canadians to enter trades, the federal skilled trades program began accepting applications last month from tradespeople who want to become permanent residents of Canada.he average age of welders is 56. The average framers and finisher are also in their 50s. In a clear sign that not enough is being done to encourage Canadians to enter trades, the federal skilled trades program began accepting applications last month from tradespeople who want to become permanent residents of Canada.