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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    Domestic Work

    Dec 27, 11 • 282 Views • No Comments

    What do drip dry clothing, take-out food, dog walkers, dishwashers, dry cleaners, and dusty ceilings have in common? A servant shortage. Currently, Brazil has less household help because of economic growth. Low income women who had worked and lived in the...  [read more]

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    Plane Colors

    Dec 25, 11 • 291 Views • No Comments

    If you are flying during the holidays, do take a look at the color of your plane. Is it rather bland? The reason is deregulation. After 1978, when government stopped approving fares, guaranteeing profits, and allocating routes, the world of flying changed....  [read more]

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    Looking back at 2011

    Dec 22, 11 • 296 Views • No Comments

    After looking at these 18 charts, I thought, what you learn depends on whom you ask. Created by Washington Post journalist Ezra Klein, the slide show is from “some of his favorite economists” who were asked for “the graph that had done the...  [read more]

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    Employee Holidays

    Dec 21, 11 • 269 Views • No Comments

    Just some facts today on who gets the most paid time off. According to the Economist, looking at a combination of public holidays and annual leave days for which workers have to be paid, Austria, Greece and France are at the top of the list while Canada,...  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    A Happy Story From Greece

    Dec 18, 11 • 232 Views • No Comments

    Greece is helping to solve the unemployment problem in upstate New York. When you see a small white container of Fage Greek yogurt (pronounced fa-yeh), instead try to picture a 220,000 square foot U.S. production facility, close to...  [read more]