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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    “Buy Australian?”

    Apr 25, 11 • 287 Views • No Comments

    In Australia, concerned about the impact of twin disasters in Queensland this summer, Australia is saying, “Buy Australian.”  But they just faced an unexpected problem. The T-shirts they are using to publicize the campaign were made in...  [read more]

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    Who Does the Housework?

    Apr 19, 11 • 254 Views • No Comments

    Who makes dinner in your home? Walks the dog? Goes to the supermarket? A study from the Organization for Economic Cooperation and Development (OECD) compared unpaid work in 29 countries. Predictably, they concluded that women do a lot more than men. But,...  [read more]

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    Baseball Salaries and Taxes

    Apr 14, 11 • 218 Views • No Comments

    There is a connection between baseball and President Obama’s budget proposals. Let’s start with USA Today’s baseball salary database. For 2011, at $32 million, NY Yankees’ 3rd baseman Alex Rodriguez earns the most; #2 is LA...  [read more]

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    Restaurant Economics

    Apr 10, 11 • 237 Views • No Comments

    For a new restaurant in Chicago, Next, no one is sitting at the phone taking reservations. Instead, online, you can buy a ticket for a table seating 2 or 4 (not 3 or 5). According to Chicago Magazine, the tickets are nonrefundable, include the tip and tax,...  [read more]

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    Internet Distractions

    Apr 8, 11 • 224 Views • No Comments

    At work, we “should not be watching that excellent new video of a schnoodle howling along to its own piano playing.” Yes? According to New Yorker journalist James Surowiecki, the answer actually is, “No.” Citing recent academic...  [read more]