Labor

A factor of production, labor is necessary for producing goods and services. Econlife looks at labor related issues that include how jobs have changed, wages in the US and internationally and outsourcing and unions and the minimum wage.

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    Marital Economics

    Feb 21, 12 • 384 Views • 1 Comment

    By Mira Korber, guest blogger. When Bill Clinton said Hillary Rodham was “the smartest person he ever met in his lifetime,” he was definitely expressing a changing long term trend: what husbands value in their future wives. According to the study...  [read more]

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    Doing Business in Greece

    Feb 18, 12 • 280 Views • No Comments

    Sometimes getting 100 is not the best grade. In the World Bank’s Ease of Doing Business Index, 183 nations are ranked in terms of the friendliness of their regulatory environment. Greece is #100. One feta cheese maker complained to The Economist last...  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    A Tale of Two “T-Shirts”

    Feb 14, 12 • 300 Views • No Comments

    What if the cost of producing a woman’s polo shirt is $29.57? Its manufacturers would sell it to retailers for $65.00 who then mark it up to a $155.00 selling price. According to the Wall Street Journal, the land, labor and capital for an upscale green...  [read more]

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    Population Futures

    Feb 13, 12 • 364 Views • No Comments

    Imagine for a moment 3 groups of countries, each with a different population pyramid. The first has a huge bulge at the bottom, the second is wider in the middle and the third is relatively broad at top. If this represents the world in 2025, what can we...  [read more]

  • The US is again hitting its debt ceiling.

    Greek Austerity Facts

    Feb 10, 12 • 452 Views • No Comments

    With a March 20 deadline approaching, new European bailout negotiations continue to emphasize austerity. Curious about what austerity specifically meant, I looked at a Greek newspaper. In the sports section, they discussed the plight of Greece and the...  [read more]