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.

  • sports stadiums and money

    Sports Walks

    Aug 31, 12 • 636 Views • 1 Comment

    Whenever I go to a Philly’s baseball game, the walk from the car to my seat takes awhile. Located in a “stand alone” sports complex off of Route 95, the stadium is one of several and the parking lots extend for acres. I’ve discovered......  [read more]

  • A Slice of a Pineapple

    Food Bites

    Aug 30, 12 • 1011 Views • No Comments

    Sometimes food is about a lot more than eating. When a !Kung Bushman hunter returns from the forest, he is greeted with, “What, you made us come all this way for this bag of bones?” One Bushman explained why. “When a young man kills much......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Guns or Yogurt?

    Aug 26, 12 • 450 Views • No Comments

    It appears that the New York State legislature will soon experience a clash between gun producers and gun control advocates. These quotes sum it all up: A Remington employee: “In my eyes, Remington goes away, Ilion goes away.” A gun control......  [read more]

  • economic video humor

    Movie Economics

    Aug 25, 12 • 1141 Views • No Comments

    Having just seen and enjoyed Bernie, “a low-budget ‘labor of love'” with Jack Black and Shirley MacLaine, I started thinking about the economics of the movie business. It is tough to predict whether a movie will be a success. Everyone said......  [read more]

  • The US is again hitting its debt ceiling.

    Some Greek Math

    Aug 24, 12 • 413 Views • No Comments

    With a euro zone update on Greece unfolding (they might lease some islands but we’ll get to that in a moment), here is some Greek math that Michael Lewis presents in Boomerang. Referring to the deficit, during October 2009, the Greek government thought......  [read more]