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.

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    Real Food Commercials

    Oct 10, 11 • 196 Views • No Comments

    The place is a Manhattan film studio. The star could be a donut, ice cream, or a chicken nugget. For a spaghetti sauce shoot, the director says, “Lights. Roll. Action. Drip.” Described in this NY Times article, tabletop directing is a...  [read more]

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    A Happiness Check

    Oct 9, 11 • 205 Views • No Comments

    The jobs, income and wealth scene is a bit bleak. Unemployment has soared, many workers are earning less, the government owes a ton of money, the stock market has been down, up, and down again, housing prices have plummeted and 25% of us have lost more than...  [read more]

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    The Supreme Court and Picasso

    Oct 8, 11 • 193 Views • No Comments

    This Supreme Court case could affect the music you hear at a concert, the book you can access on Google and the Picasso you might see online. The case is all about copyright protection. The question: If a foreign movie, painting, song, or book is already in...  [read more]

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    Paying the Simpsons

    Oct 7, 11 • 233 Views • No Comments

    Rather than accept a 45% salary cut, the voices of Bart, Homer, Marge and Lisa have said this might be their last season. Reportedly paying close to $8 million a season to each of the major voices, 20th Century Fox Television said the show had become too...  [read more]

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    Steve Jobs Quotes

    Oct 6, 11 • 261 Views • No Comments

    “I’m one of those people who think that Thomas Edison and the light bulb changed the world a lot more than Karl Marx ever did.” (From Insanely Great, p. 26) “It’s not the consumers’ job to know what they want.” (NY...  [read more]