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.

  • Self-interest represents the seeds that blossom into economic growth.

    How Wealthy is Your Nation?

    Jul 5, 12 • 370 Views • No Comments

    When someone asks about your wealth, don’t you consider more than your income? A new UN report explains where countries might do the same thing. The report suggests that we focus more on a country’s land and capital assets. By land, they mean......  [read more]

  • Fruit cranberries drink

    New Soda War Battles

    Jul 3, 12 • 375 Views • No Comments

    “It’s worth fighting for. . . . This is about our economy, it’s about jobs, it’s also about our traditions and our values.” The speaker was John Kerrey and the topic was the cranberry. Worried that sugary beverage limitations could move far beyond......  [read more]

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    Your Airfare and Airline Profits

    Jul 1, 12 • 560 Views • No Comments

    What does your airline ticket pay for? In order of size, these represent the expenses for a US Airways flight according to WSJ journalist Scott McCartney: Fuel (close to 30%) Salaries (maybe 20%) Buying and leasing planes (16%) Federal taxes (14%) Total......  [read more]

  • Tomatoes

    Tomatoes, Health Care and Unintended Consequences

    Jun 30, 12 • 228 Views • No Comments

    Trying to make pretty tomatoes, plant breeders inadvertently created a tasteless fruit. It all started 70 years ago with a gene mutation that evenly ripened tomatoes. Seeing the commercial potential of uniformly colored bright red tomatoes, growers bred the......  [read more]

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    Understanding Germany

    Jun 28, 12 • 294 Views • No Comments

    Are Germans thinking, “We did it and now it’s your turn?” Ten years ago, Germany’s unemployment rate averaged more than 9% and economic growth was close to zero. Jobless workers, depending on their family status, were receiving 60-67%......  [read more]