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.

  • rule book 2.18.12_000016252940XSmall

    Doing Business in Greece

    Feb 18, 12 • 300 Views • No Comments

    Sometimes getting 100 is not the best grade. In the World Bank’s Ease of Doing Business Index, 183 nations are ranked in terms of the friendliness of their regulatory environment. Greece is #100. One feta cheese maker complained to The Economist last...  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    A Tale of Two “T-Shirts”

    Feb 14, 12 • 323 Views • No Comments

    What if the cost of producing a woman’s polo shirt is $29.57? Its manufacturers would sell it to retailers for $65.00 who then mark it up to a $155.00 selling price. According to the Wall Street Journal, the land, labor and capital for an upscale green...  [read more]

  • 16704_10.29.11.world pop_000003701022XSmall

    Population Futures

    Feb 13, 12 • 407 Views • No Comments

    Imagine for a moment 3 groups of countries, each with a different population pyramid. The first has a huge bulge at the bottom, the second is wider in the middle and the third is relatively broad at top. If this represents the world in 2025, what can we...  [read more]

  • The US is again hitting its debt ceiling.

    Greek Austerity Facts

    Feb 10, 12 • 498 Views • No Comments

    With a March 20 deadline approaching, new European bailout negotiations continue to emphasize austerity. Curious about what austerity specifically meant, I looked at a Greek newspaper. In the sports section, they discussed the plight of Greece and the...  [read more]

  • Stable

    Stable Economics

    Feb 7, 12 • 430 Views • No Comments

    By Mira Korber, guest blogger. What do the horse racing industry and the 2008 housing collapse have in common? More than you might think. According to this interview with Joe Drape, New York Times sports writer, over-breeding of thoroughbreds and...  [read more]