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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    Does Luck Matter?

    Oct 31, 11 • 224 Views • No Comments

    In Las Vegas, the 2010 World Series of Poker was composed of 32,000 players and 57 separate tournaments. For the final event, $9 million was at stake. Freakonomics economist Steve Levitt and U. of Chicago law professor Thomas Miles studied the poker world...  [read more]

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    Innovation and Jobs

    Oct 26, 11 • 1359 Views • No Comments

    Just say, “More productivity, R & D and economies of scale,” and you are talking about large firms. New Yorker financial columnist James Surowiecki reminds us that too often we glorify small businesses and forget how A&P, Walmart and their...  [read more]

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    Chinese Imports

    Oct 23, 11 • 277 Views • No Comments

    Are you paying more for your clothing? According to NY Times financial journalist Floyd Norris, women’s shirt prices, dresses, sweaters, all that government statisticians consider female “outerwear,” have started to become more expensive....  [read more]

  • Another Greek Haircut

    Oct 23, 11 • 222 Views • No Comments

    2 day strike Euro progress Planet Money?...  [read more]

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    Another Amazing Entrepreneur

    Oct 17, 11 • 265 Views • No Comments

    From this WSJ description of Jeff Bezos, you can tell he is an amazing entrepreneur. The article is wonderful. Here are some of the facts: Named Cadabra until someone accidentally called it “cadaver,” Amazon was launched in Seattle on July 16,...  [read more]