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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    Micro-Jobs

    Nov 30, 11 • 309 Views • No Comments

    One online inquiry resulted in a research scientist happily cleaning an overflowing compost bin for $31. Someone else fished keys out of a sewer. Calling it “web-serfing,” the WSJ explains that “micro-labor” sites are matching requests...  [read more]

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    Happy Pecan Farmers

    Nov 27, 11 • 276 Views • No Comments

    With soaring demand from China and less supply in the U.S., you have some very happy pecan farmers. However, they have one big problem. Theft. Armed with ladders, pecan snatchers are shaking the trees in Georgia’s pecan groves, catching the nuts and...  [read more]

  • Equality or Efficiency, the Size of the Pie and Each Slice

    A Plymouth Plantation Reprise

    Nov 24, 11 • 254 Views • No Comments

    Perhaps even more relevant today, this was our blog for last Thanksgiving: In 1623, two years after the first Thanksgiving, Governor William Bradford was worried about Plymouth’s food supply. The problem, he concluded, was that people shared whatever...  [read more]

  • The ROI From College

    College Matters

    Nov 23, 11 • 286 Views • No Comments

    Assume you are an 18 year-old high school graduate with $102,000 to use for a lifelong investment. These are your choices: triple-A rated bonds housing common stock Bachelor’s Degree (4 year college) Associate’s Degree gold long term treasuries...  [read more]

  • Female Longevity

    Nov 22, 11 • 251 Views • No Comments

    Reading that 90 year old women outnumber 90 year old men, I wondered about the policy implications. Women get more social security. No wonder Alan Simpson (gray “tigers” lady against simpson)...  [read more]