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.

  • The Surprising Glass Ceiling in Sweden and France

    The Best Places to be a Woman

    Mar 9, 12 • 360 Views • No Comments

    In colonial Massachusetts, the law required boys to attend school while girls were primarily educated at home. Because it was illegal for a married woman to own land, Abigail Adams had to use John’s name anytime she bought or sold land. And Abigail...  [read more]

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    Superstar Pay

    Mar 4, 12 • 343 Views • No Comments

    With Kobe Bryant earning $25 million and the average NBA annual salary at $5 million, still, the NBA pay scale does not seem to trouble us. And, even though our 2009 average household income was $52,229, Jeremy Linn’s $800,000 sounds low. By contrast,...  [read more]

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    You’ve Got Mail?

    Mar 3, 12 • 394 Views • No Comments

    While the U.S. had postal services since the 1600s, Ben Franklin transformed the system. Appointed Deputy Postmaster for the Colonies by the British, he established our first home mail delivery system, diminished to a single day the letter delivery time...  [read more]

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    Who Is Unemployed?

    Mar 2, 12 • 321 Views • Comments Off

    Does an unemployment rate of 8.3% mean we have 8.3% unemployment? Not necessarily. Using what Abbott and Costello might have said, a Huffington Post journalist explains why. Costello: I want to talk about the unemployment rate in America. Abbott: Good...  [read more]

  • economic video humor

    Risk and Reward

    Mar 1, 12 • 396 Views • No Comments

    By Mira Korber, guest blogger. The other night I went to a classical music performance and listened to a talented but rather odd cellist. He appeared to be wearing chef’s pants underneath his concert attire; I noticed white kitchen trousers billowing...  [read more]