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.

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Now or Later?

    May 4, 12 • 399 Views • No Comments

    Reading about why people have a tough time delaying gratification, I started to think about countries. First people… A part of your brain–the insula–becomes more active when faced with an unpleasant task like dieting or seeing your team......  [read more]

  • Aging Populations

    Apr 30, 12 • 518 Views • No Comments

    Just remember 4-2-1-whenever you think of Chinese demographics. 4 refers to 2 grandmas and 2 grandpas, 2 is their adult children and 1 is the next generation. The social fabric of China is shifting. In rural areas, the elderly population is growing as the......  [read more]

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    Coin Matters

    Apr 27, 12 • 536 Views • No Comments

    Hearing that Zimbabweans had a limited supply of coins, I recalled one person’s response to Starbucks’ price hike to $2.01 for a tall coffee in NYC: “I can’t believe it. Now I need to walk around with pennies?” I guess we take change for......  [read more]

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    Middle Class Questions

    Apr 23, 12 • 658 Views • 1 Comment

    If you have questions about Verizon and middle class income growth,  your conclusions might depend on the questions that you ask. My story begins with a disastrous call to Verizon Wireless. One agent left and never returned, three said they could not help......  [read more]

  • The Surprising Glass Ceiling in Sweden and France

    Female Human Capital

    Apr 20, 12 • 406 Views • No Comments

    To one group of economists, oral contraception is all about human capital. 1970 appears to have been a turning point. 40 years ago, increasingly, women started entering law school, medical school and other professional programs after college. Instead of......  [read more]