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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    Naming Matters

    Oct 5, 11 • 246 Views • No Comments

    Combine something enjoyable like a strawberry with a color that connects to high tech. Then add the one letter that has a “reliable” sound in most languages and what do you get? Blackberry. Actually, the Blackberry might have been called the...  [read more]

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    A Surprising Car Fact

    Oct 1, 11 • 282 Views • No Comments

    2 car price facts: A car whose mileage is 79,900 will cost approximately $10 less than one with 79,800. A car whose mileage is 80,000 will cost approximately $210 less than one with 79,900. For both, the rise was 100 miles. But the drop in price at wholesale...  [read more]

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    African Notes

    Sep 30, 11 • 222 Views • No Comments

    If you were asked to select the world’s fastest growing economies, maybe you would place China at the top of your list.  This Economist Daily Chart sums it all up. 6 of the world’s fastest growing economies, 2001-2010, are located in...  [read more]

  • U.S. Jobs and China

    Sep 30, 11 • 182 Views • No Comments

    Trading with China can be very confusing. As Chinese imports proliferated from 1990-2007, factory employment in the communities surrounding Raleigh N.C. plummeted.  According to the WSJ, the 40% dip in factory jobs led to a government spending increase...  [read more]

  • U.S. Jobs and China

    Sep 30, 11 • 198 Views • No Comments

    http://irps.ucsd.edu/assets/001/501361.pdf “The China Syndrome” The Economic Lesson  ...  [read more]