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.

  • Twinkie Facts

    Jan 12, 12 • 250 Views • No Comments

    There is more to a Twinkie than sugar, fat, preservatives and artificial flavors. The history of the Twinkie is an economic story. Once upon a time, during the depression, a manufacturer can 30 ingredients. Depression: 1930 first sold WW II rationing:...  [read more]

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    The Good Life…For Cows

    Dec 31, 11 • 274 Views • No Comments

    I suspect that the life of a cow producing organic milk got better last June. For their owners, though, business surely became more complicated. According to a new USDA rule, any milk labeled organic now has to come from a cow that spends much more time in...  [read more]

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    The Oreo Centennial

    Dec 28, 11 • 477 Views • No Comments

    Next year, we can celebrate Oreo’s 100th birthday. First sold in 1912, Oreos have been priced at: 1922: 32 cents/lb. 1934: 27 cents/lb. 1960: 45 cents/lb. 1991: $2.39/lb. 2008: $4.29/18oz. 2011: $4.29/16.6oz. Amazingly, according to the Bureau of Labor...  [read more]

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    Domestic Work

    Dec 27, 11 • 279 Views • No Comments

    What do drip dry clothing, take-out food, dog walkers, dishwashers, dry cleaners, and dusty ceilings have in common? A servant shortage. Currently, Brazil has less household help because of economic growth. Low income women who had worked and lived in the...  [read more]

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    Plane Colors

    Dec 25, 11 • 289 Views • No Comments

    If you are flying during the holidays, do take a look at the color of your plane. Is it rather bland? The reason is deregulation. After 1978, when government stopped approving fares, guaranteeing profits, and allocating routes, the world of flying changed....  [read more]