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 US is again hitting its debt ceiling.

    Greek Austerity Facts

    Feb 10, 12 • 455 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]

  • Stable

    Stable Economics

    Feb 7, 12 • 379 Views • No Comments

    By Mira Korber, guest blogger. What do the horse racing industry and the 2008 housing collapse have in common? More than you might think. According to this interview with Joe Drape, New York Times sports writer, over-breeding of thoroughbreds and...  [read more]

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    Jobs Questions

    Feb 4, 12 • 259 Views • No Comments

    Hearing that the U.S. economy gained 243,000 jobs last month, wouldn’t you think that there were 243,000 more jobs? NY Times financial journalist Floyd Norris explains that actually, the economy LOST 2,689,000 jobs. But, it would be misleading for the...  [read more]

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    Pricey Pigeons

    Feb 3, 12 • 344 Views • No Comments

    At the Paradise Pigeon auction in Belgium, a Dutch breeder sold a female pigeon to a Chinese shipbuilder for $328,000. Purchased to breed rather than race, Dolce Vita (the bird) will enable Hu Zhen Yu, also the owner of a pigeon racing group, to elevate China...  [read more]

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    Encouraging Innovation

    Jan 29, 12 • 487 Views • No Comments

    “Steve had this firm belief that the right kind of building can do great things for a culture.” The Steve is Steve Jobs and the building is Pixar’s headquarters. (The quote came from Walter Isaacson’s Steve Jobs) The usual Hollywood...  [read more]