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.

  • GDP...16843_5.2_9209625-gdp

    iPhone 5 Economics

    Sep 13, 12 • 2747 Views • No Comments

    Explaining the probable impact of the new Apple iPhone, one UPS employee recalled the impact of the last new iPad launch.  At its internal hubs, UPS created more work hours for part timers and enjoyed more revenue because of the volume spike that lasted for......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Tax Matters

    Sep 10, 12 • 383 Views • No Comments

    The candidates agree that tax proposals need to focus on reducing the deficit and on government spending. After that, the divide on tax policy is considerable. To narrow the gap between revenue and spending, President Obama supports a higher tax rate for the......  [read more]

  • Monkeys, Economics and Happiness

    Sep 7, 12 • 396 Views • 1 Comment

    Behavioral economists might be able to explain our response to income inequality. In a paper on money and happiness, economist Richard Easterlin initially asks the reader how she feels if her income rises. Then he asks how she reacts when it stays the same.......  [read more]

  • The Fed Debate

    Sep 5, 12 • 520 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What......  [read more]

  • shoes, status signals and property rights

    What Do Your Shoes Say About You?

    Sep 4, 12 • 533 Views • 1 Comment

    During a panel discussion, my students were told by a business woman not to wear sandals or even open-toed shoes for a job interview. But, does a shoe really send that much of message? Focusing on the accuracy of the first impression a shoe creates,......  [read more]