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.

  • Negative Externality Church Bells

    Church Bell Economics

    Dec 27, 13 • 1499 Views • No Comments

    Irritated that church bells had been awakening them before 7 a.m., in 1879 a group of New Yorkers complained to the city Board of Health. They said the chimes violated Section 177 of the Sanitary Code and  endangered their health. Fast forward to 2013. A......  [read more]

  • almond demand and supply

    A Nutty Demand and Supply Story

    Dec 26, 13 • 3133 Views • No Comments

    Our almond story starts on the demand side in China with a name change. Just like apricot kernals, California almonds had been called xing ren until the apricot kernel growers accused the Americans of “deceiving consumers.” Trying to minimize a......  [read more]

  • Online shopping and the high frequency returner

    The Unintended Consequences of Free Shipping

    Dec 25, 13 • 955 Views • No Comments

    I just read about an online shopper who ordered 10 pairs of pants from the Gap and then returned 7. Called a high frequency returner, that same consumer told a WSJ reporter that for Christmas, she buys coats and shoes in different sizes and colors for her 4......  [read more]

  • The Tragedy of the commons causes empty fishing nets.

    A Big Shrimp Problem

    Dec 24, 13 • 861 Views • No Comments

    Because of the holiday, our Wednesday environment blog will appear today. The post has been written by 2 Kent Place students, Megan Ganning and Madeleine Vance. “Sorry, Sir, but the ‘Bay Shrimp’ have actually had to be taken off the menu” will be the......  [read more]

  • Downton Abbey Economics

    One Reason to Support the Downton Abbey Law

    Dec 23, 13 • 1148 Views • No Comments

    Our Monday feminism blog: When the Titanic went down with the Earl of Grantham’s heirs, his daughters Edith, Mary and Sybil came no closer to inheriting Downton Abbey. With primogeniture the law, a male relative, no matter how distant, would be the next......  [read more]