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.

  • 19th Century Urban Transport Was An Environmental Problem

    Urban Pollution

    Dec 2, 12 • 2604 Views • No Comments

    When we worry about the impact of autos on the environment, perhaps we should remember the horse. In 1880, the horse population in Manhattan and Brooklyn was somewhere between 150,000-175,000 and growing. A basic part of city life, horsecar rides totalled......  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Butter, Health Care and the Spread of Baumol’s Disease

    Dec 1, 12 • 587 Views • No Comments

    When butter makers had Baumol’s Disease, for centuries, there was no cure. From the 1700s to 1940, making butter required some cream, a churn and usually a woman with lots of time and energy to crank or plunge a shaft. When, in 1850, someone invented a......  [read more]

  • Pantsuits Convey Power

    Power and Pantsuits

    Nov 29, 12 • 561 Views • No Comments

    Today, some thoughts about pantsuits and power. One scholarly analysis of Hillary Clinton’s pantsuits concluded that they displayed her toughness. In a Harper’s Bazaar interview, Nancy Pelosi is asked, “How many pantsuits do you have?” Her answer:......  [read more]

  • GDP...16843_5.2_9209625-gdp

    Do You Like the GDP?

    Nov 28, 12 • 440 Views • No Comments

    Having just come across the “Better Life Index,” I started thinking about Ed Koch, a former mayor of NYC who often asked everyone, “How am I doing?” Here are some thoughts about how to measure how well we are doing. The GDP:......  [read more]

  • Marijuana legalization is about demand, supply, market structure and cost benefit analysis.

    An Economic High?

    Nov 25, 12 • 857 Views • No Comments

    On November 6, Colorado voters resoundingly agreed that recreational use of marijuana would become legal. However, as Colorado Governor John Hickenlooper said, “…federal law still says marijuana is an illegal drug so don’t break out the Cheetos or......  [read more]