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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    Looking back at 2011

    Dec 22, 11 • 330 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 • 305 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 • 270 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]

  • The History of the Elevator is About Innovation and Economic Growth

    Profit Matters

    Dec 15, 11 • 325 Views • No Comments

    During the dot.com bubble, investors gave Boo.com $188 million, Geocities was purchased for 3.57 billion, and pets.com introduced us to sock puppet. None exist today. Startup.com is an excellent documentary about the rise and...  [read more]

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    Why Might People Cheat?

    Dec 7, 11 • 320 Views • No Comments

    When are people more likely to cheat? Behavioral economist Dan Ariely says to look at sweatshirts, the Ten Commandments, dollar bills and cans of Coca-Cola. In one experiment, Ariely discovered that more students would copy someone’s seemingly dishonest...  [read more]