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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    Speedy Airplane Boarding

    Aug 23, 11 • 340 Views • 1 Comment

    Closely connected to an airline’s bottom line, speedy boarding means more efficiency. Here you can see the following alternative boarding strategies in action. Front to back: Least popular. Early boarders block those who follow them. Back to Front Very...  [read more]

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    Song Rights

    Aug 20, 11 • 321 Views • No Comments

    When do we own what we create? It depends. For Bruce Springsteen and Billy Joel, hit albums controlled by record companies might soon become theirs again. During the mid-1970s, the Congress decided that after 35 years, a musician could regain the copyright...  [read more]

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    Patent Troll Protection

    Aug 17, 11 • 276 Views • No Comments

    We spray “OFF!” for insect protection, divers use shark repellent, and now, Google has purchased Motorola to resist patent trolls. Described in an NPR This American Life podcast, patent trolls purchase multiple patents with the intent of suing any...  [read more]

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    Taxing Decisions

    Aug 16, 11 • 247 Views • No Comments

    According to The Atlantic’s Megan McArdle, all of us should know about the Fallacy of Chesterton’s Fence before we decide how we feel about taxes. Picture a fence extending across a road. 2 people approach it. The first says, “I don’t...  [read more]

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    The Cost of Keeping a Team

    Aug 10, 11 • 259 Views • No Comments

    To keep a team, sometimes the stadium makes the difference. The problem, though, is who is going to pay. For the San Diego Chargers, the price tag would be an $800 million sports facility with the city absorbing 65% of the total. On a November 2012 ballot,...  [read more]