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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    Sweden, Ikea and Taxes

    May 18, 12 • 622 Views • No Comments

    Our story starts when Ikea’s founder, Ingvar Kamprad, left Sweden during the 1970s. It ends with Sweden’s current finance minister saying that taxes were the reason. Associated with a more humane form of capitalism, Sweden was the prototype for...  [read more]

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    The New Economics of Marriage

    May 17, 12 • 428 Views • No Comments

    When North Carolina’s voters rejected same sex marriage, they were not thinking economically. Traditionally, marriage has been about specialization. With the husband in the labor force and the wife at home, their division of labor resembled a small...  [read more]

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    Learning From the Low End

    May 16, 12 • 366 Views • No Comments

    Sometimes it’s better to be at the bottom than the top. Explaining, Harvard’s Clay Christensen starts his story with the huge integrated steel firms and ends with the mini mill. Relatively cheaply, the mini mills melted scrap in electric furnaces...  [read more]

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    Low Costs and Big Benefits for Spirit Airlines

    May 13, 12 • 643 Views • No Comments

    Spirit Airlines is doing everything it can to charge us less for a seat on one of its planes. One gentleman paid $77 for a round trip seat between Chicago and Fort Lauderdale. Just the seat. How much more could he have paid? You might want to try matching...  [read more]

  • The Midnight Ride of Paul Revere

    How Government Helped and Helps Paul Revere

    May 12, 12 • 344 Views • No Comments

    The year was 1800 when a 65 year old, Paul Revere said, “I have engaged to build me a Mill for Rolling Copper into sheets which for me is a great undertaking, and will require every farthing which I can rake or scrape.” Paul Revere had been a...  [read more]