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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    Stagnation or Education?

    Nov 19, 11 • 258 Views • No Comments

    Is the problem stagnation or education? For George Mason economist Tyler Cowen, it was all about his grandmother. Debating MIT economist Erik Brynjolfsson, Cowen reminded us that a long list of innovations including cars, antibiotics and refrigerators...  [read more]

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    Health Insurance Dilemmas

    Nov 18, 11 • 255 Views • No Comments

    Assume for a moment that you are slim, love broccoli and run 4 miles each day. Should your health insurance premium be lower than the amount paid by someone with an unhealthy lifestyle? Wal-Mart, PepsiCo and Safeway say, “Yes.” One Wal-Mart...  [read more]

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    The Supreme Court and the Health-Care Law

    Nov 16, 11 • 258 Views • No Comments

    How to understand what the Supreme Court will look at when they decide whether parts of the health-care act are constitutional? In an excellent interactive graphic, the Washington Post identifies the issues that Supreme Court will consider: Individual...  [read more]

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    Sounds Like Bell Labs

    Nov 15, 11 • 275 Views • No Comments

    Google has a “secret” lab. Called Google X by the NY Times, it sounds like the old Bell Labs. Before 1984, when AT&T was a monopoly, their research subsidiary Bell Labs employed a battalion of scientists. For some, the assignment was just to...  [read more]

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    European Ties

    Nov 14, 11 • 319 Views • No Comments

    How to picture the US/European economic partnership? You could think of Skippy Peanut Butter. Owned by Unilever, a multinational based in the UK and the Netherlands, Skippy’s peanuts are grown primarily in Georgia and Texas, shelled and sorted here, and...  [read more]