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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    Employment’s Bottomless Pit

    Mar 13, 12 • 369 Views • No Comments

    By Mira Korber, guest blogger. The U.S. economy added 227,000 jobs in February. That’s more than the 210,000 jobs economists forecast for the month, though the current unemployment rate is still high: 8.3%. (For a different take on the issue, read...  [read more]

  • The Surprising Glass Ceiling in Sweden and France

    The Best Places to be a Woman

    Mar 9, 12 • 357 Views • No Comments

    In colonial Massachusetts, the law required boys to attend school while girls were primarily educated at home. Because it was illegal for a married woman to own land, Abigail Adams had to use John’s name anytime she bought or sold land. And Abigail...  [read more]

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    Superstar Pay

    Mar 4, 12 • 339 Views • No Comments

    With Kobe Bryant earning $25 million and the average NBA annual salary at $5 million, still, the NBA pay scale does not seem to trouble us. And, even though our 2009 average household income was $52,229, Jeremy Linn’s $800,000 sounds low. By contrast,...  [read more]

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    You’ve Got Mail?

    Mar 3, 12 • 390 Views • No Comments

    While the U.S. had postal services since the 1600s, Ben Franklin transformed the system. Appointed Deputy Postmaster for the Colonies by the British, he established our first home mail delivery system, diminished to a single day the letter delivery time...  [read more]

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    Who Is Unemployed?

    Mar 2, 12 • 318 Views • Comments Off

    Does an unemployment rate of 8.3% mean we have 8.3% unemployment? Not necessarily. Using what Abbott and Costello might have said, a Huffington Post journalist explains why. Costello: I want to talk about the unemployment rate in America. Abbott: Good...  [read more]