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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    Manufacturing: What’s New?

    Jun 12, 13 • 551 Views • No Comments

    Called “A Revolution in the Making,” yesterday’s Wall Street Journal  focused on manufacturing in a special section. I was particularly impressed with some stats that they presented and Jay Leno. The Stats: The cost gap is closing between......  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Gender Issues: Literate Women

    Jun 10, 13 • 523 Views • No Comments

    Why have men sought to prevent women from reading? Even in colonial Massachusetts, the law required boys to attend school while girls were primarily educated at home. Consequently, while John Adams attended school in Braintree and entered Harvard when he was......  [read more]

  • Myanmar Coca-Cola

    Foreign Investment: Coca-Cola

    Jun 9, 13 • 1213 Views • No Comments

    How does a business return to a country that it left many decades ago? After a military coup in 1962, Coca-Cola reduced its presence in Myanmar (Burma)  and then was prohibited from returning when the US banned most foreign investment there. Now though,......  [read more]

  • NYC Taxicabs, Tips and Credit Cards

    Marginal Analysis: How Much to Tip?

    Jun 7, 13 • 537 Views • No Comments

    On Wednesday, I entered a cab on 55th Street near 5th Ave. in NYC. Although I was going to 30th St., the driver proceeded west and then north because it was illegal to make a left onto 5th and head south. Trying to make a right on 6th, a right on 56th and......  [read more]

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    Eurozone: First Latvia and then Croatia?

    Jun 6, 13 • 675 Views • No Comments

    Reading about Latvia’s probable eurozone entry at the beginning of 2014 and then perhaps Croatia by 2017, I remembered some wise words from economist Russ Roberts. During 2010, he presented a fascinating monologue Econtalk podcast in which Adam Smith......  [read more]