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.

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    A Happy Story From Greece

    Dec 18, 11 • 221 Views • No Comments

    Greece is helping to solve the unemployment problem in upstate New York. When you see a small white container of Fage Greek yogurt (pronounced fa-yeh), instead try to picture a 220,000 square foot U.S. production facility, close to...  [read more]

  • The History of the Elevator is About Innovation and Economic Growth

    Profit Matters

    Dec 15, 11 • 266 Views • No Comments

    During the dot.com bubble, investors gave Boo.com $188 million, Geocities was purchased for 3.57 billion, and pets.com introduced us to sock puppet. None exist today. Startup.com is an excellent documentary about the rise and...  [read more]

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    Why Might People Cheat?

    Dec 7, 11 • 254 Views • No Comments

    When are people more likely to cheat? Behavioral economist Dan Ariely says to look at sweatshirts, the Ten Commandments, dollar bills and cans of Coca-Cola. In one experiment, Ariely discovered that more students would copy someone’s seemingly dishonest...  [read more]

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    Do You Care If You’ve Got Mail?

    Dec 5, 11 • 262 Views • No Comments

    In Canada, when postal workers went on strike because of wage cut proposals, many people were saying, “Who Cares?” In the U.S., Hallmark and Amazon have said that they do care about the future of the Postal Service. If asked, approximately 650,000...  [read more]

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    Why Can’t the U.S. Postal Service Think Outside the Box?

    Dec 5, 11 • 339 Views • No Comments

    Do you wear a Yankee hat or a college sweatshirt? Our society approves of adopting a superior team or attending an elite college. According to NY Times journalist David Brooks, for sports and schools, we can aspire to the top. In addition, inequality is okay...  [read more]