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.

  • 16831_oreo.12.28.11_000016671656XSmall

    The Oreo Centennial

    Dec 28, 11 • 442 Views • No Comments

    Next year, we can celebrate Oreo’s 100th birthday. First sold in 1912, Oreos have been priced at: 1922: 32 cents/lb. 1934: 27 cents/lb. 1960: 45 cents/lb. 1991: $2.39/lb. 2008: $4.29/18oz. 2011: $4.29/16.6oz. Amazingly, according to the Bureau of Labor...  [read more]

  • 16829_laundry.12.27.11_000012589978XSmall

    Domestic Work

    Dec 27, 11 • 254 Views • No Comments

    What do drip dry clothing, take-out food, dog walkers, dishwashers, dry cleaners, and dusty ceilings have in common? A servant shortage. Currently, Brazil has less household help because of economic growth. Low income women who had worked and lived in the...  [read more]

  • airlines industry...airplanes.16825_3.15a_000002547262XSmall

    Plane Colors

    Dec 25, 11 • 266 Views • No Comments

    If you are flying during the holidays, do take a look at the color of your plane. Is it rather bland? The reason is deregulation. After 1978, when government stopped approving fares, guaranteeing profits, and allocating routes, the world of flying changed....  [read more]

  • 16819_1.1.11_000013974174XSmall

    Looking back at 2011

    Dec 22, 11 • 274 Views • No Comments

    After looking at these 18 charts, I thought, what you learn depends on whom you ask. Created by Washington Post journalist Ezra Klein, the slide show is from “some of his favorite economists” who were asked for “the graph that had done the...  [read more]

  • 16817_vacation.12.21.11_000017338523XSmall

    Employee Holidays

    Dec 21, 11 • 243 Views • No Comments

    Just some facts today on who gets the most paid time off. According to the Economist, looking at a combination of public holidays and annual leave days for which workers have to be paid, Austria, Greece and France are at the top of the list while Canada,...  [read more]