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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    A “Jersey Shore” Controversy

    Sep 24, 11 • 190 Views • No Comments

    Called the “Snooki subsidy,” the firm that produced MTV’s “Jersey Shore” just received a $420,000 tax credit from the NJ Economic Development Authority. The purpose? New Jersey hopes to encourage business investment. The problem?...  [read more]

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    More Health Care Jobs

    Sep 16, 11 • 205 Views • No Comments

    The health care industry has added 300,000 jobs to the U.S. economy during the past 12 months. New jobs, new construction, new technology, more care. Should we be pleased? This Dr. Seuss-like animated short from marketplace.org presents the downside of health...  [read more]

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    Placing the Poverty Line

    Sep 15, 11 • 233 Views • No Comments

    Any family that earns less than 3 times the annual cost of a nutritionally adequate diet is below the poverty line. But should we agree with the placement of the line? If we say that poverty is “relative deprivation, ” then a definition could take...  [read more]

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    Can We Afford to Change the US Postal Service?

    Sep 12, 11 • 260 Views • 1 Comment

    There are so many reasons not to change the US Postal Service. For tough to reach rural communities, post offices are conveniently located. For homebound elderly, 6-day dependable prescription delivery is crucial. USPS workers have been promised generous...  [read more]

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    Healthcare and Baumol’s Disease

    Sep 11, 11 • 255 Views • 1 Comment

    Asked why healthcare is relatively expensive while cell phones are not, you could answer, “Baumol’s Disease.” Described by New Yorker columnist James Surowiecki, to play Mozart’s String Quartet in G minor in 1787 and now, we need 2...  [read more]