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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    Lobster Economics

    Jul 24, 12 • 608 Views • No Comments

    The year is 2008. Icelandic banks crash. Canadian lobster processors lose their financing. The result? Demand from Canadian processors for Maine’s lobster harvest decreases. Meanwhile, on the supply side, the lobster population is soaring. Conservation......  [read more]

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    The Downside of Sitting

    Jul 22, 12 • 339 Views • No Comments

    I’ve been thinking about the economic connection between sitting and butterflies. Our story starts with sitting studies. Pulling together the data from surveys covering 167,000 adults, researchers have concluded that you might live longer if you sit......  [read more]

  • The Panama Canal Project Facilitates World Trade.

    A Made in the USA Mandate

    Jul 20, 12 • 405 Views • No Comments

    To introduce our first international trade discussion in class, I usually ask students to check where their clothing and shoes have been made. Finding labels that say “Made in China, Made in Thailand, Made in Peru…,” they first see how trade......  [read more]

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    Job Incentives

    Jul 19, 12 • 404 Views • No Comments

    Assume that you just said good-bye to your co-workers for your annual 3-week vacation and then disaster strikes. You drop a glass on your foot, sever a tendon and head straight for the operating room. A lengthy convalescent period follows. If you work in......  [read more]

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    Yahoo’s New CEO

    Jul 18, 12 • 414 Views • No Comments

    Headline from CNN Money: “New Yahoo CEO Mayer is Pregnant” 1992: The title of a male CEO’s speech that was reprinted in the Christian Science Monitor: “A Pregnant CEO: In Whose Lifetime?” (Implying the unlikelihood.) 2012: From......  [read more]