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.

  • airlines industry...airplanes.16825_3.15a_000002547262XSmall

    Your Airfare and Airline Profits

    Jul 1, 12 • 663 Views • No Comments

    What does your airline ticket pay for? In order of size, these represent the expenses for a US Airways flight according to WSJ journalist Scott McCartney: Fuel (close to 30%) Salaries (maybe 20%) Buying and leasing planes (16%) Federal taxes (14%) Total......  [read more]

  • Tomatoes

    Tomatoes, Health Care and Unintended Consequences

    Jun 30, 12 • 262 Views • No Comments

    Trying to make pretty tomatoes, plant breeders inadvertently created a tasteless fruit. It all started 70 years ago with a gene mutation that evenly ripened tomatoes. Seeing the commercial potential of uniformly colored bright red tomatoes, growers bred the......  [read more]

  • jobs...16865_9.1_000009319445XSmall

    Understanding Germany

    Jun 28, 12 • 341 Views • No Comments

    Are Germans thinking, “We did it and now it’s your turn?” Ten years ago, Germany’s unemployment rate averaged more than 9% and economic growth was close to zero. Jobless workers, depending on their family status, were receiving 60-67%......  [read more]

  • Vintage staircase

    Changing Homes

    Jun 26, 12 • 428 Views • No Comments

    Economically, stairs are costly. When people fall, they stay home from work. Their medical bills climb. Your odds? Author Bill Bryson, in At Home, states that we will probably trip on stairs once in every 2,222 times that we use them, experience a painful......  [read more]

  • wheat...jute bag...iStock_000015745212XSmall-1

    India’s Planning Problems

    Jun 25, 12 • 789 Views • No Comments

    India has a jute shortage that will affect a lot more than bags. Our story began decades ago with India’s “license raj,” a bureaucratic reign (raj) that followed the British colonial raj. What to produce, who to hire, how much to pay, when......  [read more]