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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    Who Works the Hardest in the Euro Zone?

    Sep 30, 12 • 565 Views • No Comments

    I just discovered a surprising statistic. In the euro zone, judged by hours per week, the Germans are not nearly the hardest workers. Instead Greece, with an average of 42.1 hours is close to the top of the list. By contrast, for 2011, the average German......  [read more]

  • 19th Century Urban Transport Was An Environmental Problem

    More Recyling Matters

    Sep 26, 12 • 489 Views • No Comments

    Aluminum recycling is in the news because of a break-up. Together, Alcoa and Novelis (owned by HindalCo, an Indian firm) had been collecting and recycling cans–40 billion last year. But no more. Now, competing for used cans, each firm will do it alone.......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing the US Economy

    Sep 24, 12 • 497 Views • No Comments

    Is the US economy less sick? Comparing January 2009 when Obama became president and now, let’s see how its “symptoms” have changed. Approximately the Same: Jobs: During January, 2009, the employment number, 133 million, was very similar to......  [read more]

  • Pension Tension

    Sep 23, 12 • 384 Views • Comments Off on Pension Tension

    First, a quiz today: How do… North Carolina, South Dakota, Washington, and Wisconsin differ from… Connecticut, Illinois, Kentucky, and Rhode Island? In 2010, the first group of states’ pension plans were at least 95% funded. The second......  [read more]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 737 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for......  [read more]