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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    Unintended Tax Consequences

    Aug 6, 11 • 302 Views • No Comments

    Protesting a proposed luxury tax for pet grooming, Chicago’s Soggy Paws canine clients wore signs saying “…please don’t tax my haircut.” The politicians who were hoping for more revenue might have been disappointed. Some...  [read more]

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    Understanding Unemployment

    Aug 5, 11 • 257 Views • No Comments

    A Washington Post article provided some insight about unemployment by suggesting that we place all US jobs into 2 buckets: One bucket contains firms participating in a global market. Some export goods and services. Others face competition from imports....  [read more]

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    Fried Chicken Wings

    Jul 30, 11 • 354 Views • No Comments

    When the NFL lockout ended, dry cleaners, ticket-takers and souvenir sellers rejoiced. But not chickens. According to the National Chicken Council, on Super Bowl Sunday 2011, we consumed 1.25 billion chicken wings. Joe Sanderson, CEO of the 4th largest...  [read more]

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    Can the USPS Deliver?

    Jul 25, 11 • 318 Views • No Comments

    You’ve got mail? Maybe not on Saturday. As explained in a Teaching Company lecture (#28), the U.S. Postal Service (USPS) faces competition from UPS and FedEx, from email, faxes, and texts. Their salaries average 30% higher than the private sector, they...  [read more]

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    Chinese Basketball and Adam Smith

    Jul 21, 11 • 346 Views • No Comments

    It is called the “womb to tomb model.” Selected as young children because of their exceptional height, future Chinese basketball players are educated separately. Whereas traditional Chinese schools have few, if any, extracurricular activities,...  [read more]