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.

  • A Gender Issue: Breadwinner Wives

    Jun 3, 13 • 537 Views • No Comments

    Tradition says men bring home the bacon and women prepare it. In fact, most men will even accept women bringing home some of the bacon… But not the “filet mignon.” Here are the facts: 3 University of Chicago researchers have concluded that......  [read more]

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    Price Ceilings: Cronut Shortages

    Jun 2, 13 • 1081 Views • No Comments

    Described as “Pastry Nirvana,” the cronut was introduced on May 10 at Dominique Ansel’s NYC Bakery in Soho. A cronut is a combination donut and croissant. Chef Ansel said nailing the recipe took experimentation with croissant dough, frying......  [read more]

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    Supply and Demand: Banana Economics

    Jun 1, 13 • 3098 Views • No Comments

    At my local supermarket, bananas are 69 cents a pound while Red Delicious apples, grown much closer to home, are $1.49 per pound. As banana writer Dan Koeppel points out, “That bananas have long been the cheapest fruit at the grocery store is......  [read more]

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    GDP: Does Lady Gaga Count?

    May 29, 13 • 1061 Views • No Comments

    The United States just got a little richer but not because of the economic recovery. We are just changing what is included in the GDP. First a little history. I have always been fascinated by the story of Simon Kuznets. A Russian immigrant who received the......  [read more]

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    Gender Issues: The Punishment for Non-parents

    May 27, 13 • 721 Views • No Comments

    By Lilli DeBode, guest blogger and senior at Kent Place School Working parents undoubtably have a lot on their plates. Their work lives and their family lives often clash, causing them to have to play “the kid card” which allows them to leave work......  [read more]