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.

  • The Panama Canal Project Facilitates World Trade.

    World Trade Spin

    Jul 17, 12 • 345 Views • No Comments

    We might be able to divide the world between economic thinkers and everyone else. I noted yesterday that economist Gregory Mankiw, as President Bush’s Council of Economic Advisers chair, said that outsourcing was probably a plus in the long run. Hearing......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Outsourcing

    Jul 16, 12 • 495 Views • 4 Comments

    Until November 6, at econlife, Mondays will be about presidential election economics. In 2004, when President Bush’s Council of Economic Advisers chairman, Harvard professor Greg Mankiw, was lambasted for saying, “… I think outsourcing is a......  [read more]

  • Sometimes Flying Costs More Than Money

    Jul 14, 12 • 356 Views • No Comments

    What to do when you’ve paid extra for an aisle seat and a person asks you to switch with his wife so that they can sit next to each other? Do you say yes or endure his irritation through the entire flight? Watching, an economist might have cited a negative......  [read more]

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    What is the Fiscal Cliff?

    Jul 11, 12 • 305 Views • No Comments

    The fiscal cliff is composed of 8 tax and spending events. Permitting all to occur might be the equivalent of jumping over the edge in an economic dive. Tax Increases Bush era tax cuts: expire 2010-2011 2% payroll tax cut: expires Affordable Care Act taxes:......  [read more]

  • It’s All About Henry

    Jul 7, 12 • 398 Views • No Comments

    Are you a DINK, a YUPPIE, or a HENRY? Double Income, No Kids Young  Upwardly Mobile Urban Professionals High Earners, Not Rich Yet.   Our economic recovery might depend on Henry. Earning from $100,000-$250,000, the Henrys are in the top 20% income......  [read more]