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.

  • Emerging Markets demand More MIlk

    One Reason That Milk Could Cost $8 A Gallon

    Dec 5, 13 • 1112 Views • No Comments

    The price we pay for milk might skyrocket unless the Congress passes a new farm bill or extends the old one before January 1st. If they do nothing, then we revert to 1949 legislation that mandates purchasing dairy products at about twice the current price.......  [read more]

  • Brooklyn Bridge Tolls and Congestion Pricing

    The Costs and Benefits of Bridge Shopping

    Dec 4, 13 • 1029 Views • No Comments

    Are you a bridge shopper? Manhattan is an island. Linked by bridges and tunnels to other NYC boroughs and NJ, it can be expensive to access…or it can be free. It all depends on your route. And therein lies the problem. To enter Manhattan via a free......  [read more]

  • everyday economics and drone regulation and Amazon drone deliveries

    Drones That Can Deliver Your Pizza…and More

    Dec 3, 13 • 1035 Views • No Comments

    Long before Jeff Bezos told Charlie Rose that drones would be delivering our Amazon packages, Dominos was showing how they could transport pizza. And here is the Amazon “Prime Air” version of a drone delivery: The drone delivery initiative,......  [read more]

  • Data Consumption the the GDP

    A GDP Omission

    Dec 1, 13 • 1059 Views • No Comments

    What to include in the GDP? When Nobel Laureate Simon Kuznets developed the concept of the GDP during the 1930s, he had to decide which goods and services would count. He knew the GDP had to measure the health of the country. But how? His answer was adding......  [read more]

  • Nudge Unit Pool Table

    Should Government Have a Nudge Team?

    Nov 30, 13 • 1004 Views • No Comments

    Is society better off when people stop smoking? Return to work sooner after a layoff? Pay their taxes on time? Using “nudge theory,” the UK’s Nudge Unit says it can help policymakers help us to make better decisions. A part of government,......  [read more]