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.

  • Salary Secrecy

    Aug 23, 12 • 342 Views • No Comments

    What happens when everyone knows how much you earn? A Boulder, Colorado firm, has voluntarily decided to let workers check a spreadsheet and see what others take home. One employee said she likes it, even when she discovers someone earns more. “I am......  [read more]

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    Plane Train Competition

    Aug 16, 12 • 393 Views • No Comments

    Should government subsidize a railroad? Our story starts during the 1970s when you could fly from New York to Washington, D.C. on the Eastern shuttle. Eastern left hourly (!) and guaranteed a seat to everyone who showed up for the flight. Imagine, coffee cup......  [read more]

  • The Surprising Glass Ceiling in Sweden and France

    A Female Friendly (Industrial) City?

    Aug 16, 12 • 489 Views • No Comments

    Sometimes it is tough to make your economy more productive. In Saudi Arabia, just one woman at the office means you have to have a thick barrier separating her from everyone else. She needs her own entrance, her own bathroom, and a security guard to be sure......  [read more]

  • Tax Revenue

    Do You Agree With French Taxes?

    Aug 9, 12 • 465 Views • No Comments

    Talking about taxes, economists like to quote Louis XIV’s finance minister: “The art of taxation consists of so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.” We have been hearing a......  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Cheesecake Medicine?

    Aug 7, 12 • 386 Views • No Comments

    Could Cheesecake Factory help us fix our healthcare system? Touring the kitchen of a Cheesecake Factory restaurant, you would see arrival, refrigeration and storage areas, and cutting, mixing, chopping and combining zones. Preparing the 308 dinner choices......  [read more]