Posts Tagged ‘labor’

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    Vacation Daze

    Sep 7, 10 • 109 Views • Behavioral Economics, Businesses, Economic History, Economic Thinkers, Innovation, Labor5 Comments

    In a column about Netflix, author Daniel Pink described their vacation policy for salaried employees. They have none. All who are salaried can take off as many or as few days as they want. Their rationale? Because many people do a lot of work away from the...

  • A Price Ceiling Has Unintended Consequences

    The Minimum Wage Debate

    Sep 4, 10 • 89 Views • Businesses, Demand, Supply, and Markets, Economic Debates, Economic History, Labor, Macroeconomic Measurement4 Comments

    Should we like a higher minimum wage? With the release of 9.6% as the August, 2010 unemployment number, I thought about the minimum wage debate. The teenage unemployment rate is 26.3%. In 2007, Congress increased a $5.15 minimum wage in three stages. On July...

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    Apples, Oranges, and Government Pay

    Aug 22, 10 • 99 Views • Government, Labor, Thinking EconomicallyNo Comments

    Hearing that federal employees earn more than people working in the private sector, how should we respond? Let’s look at the facts. Assessing someone’s earnings involves salaries and benefits.  According to the BEA (Bureau of Economic...

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    An Amazing Unemployment Visual

    Aug 6, 10 • 115 Views • Businesses, Labor, Macroeconomic MeasurementNo Comments

    Wow! Changing the color of individual counties from light to dark, month by month, this graphic actively displays how the U.S. moved from a 4.6% unemployment rate during January 2007 to 9.7% during May, 2010. In 30 seconds it tells more than pages of...

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    The Significance of the Frisbee

    Feb 22, 10 • 100 Views • Thinking EconomicallyNo Comments

    Last week, just after listening to the Schumpeter lecture from Dr. Timothy Taylor in a (very good) Teaching Company course on the history of economic thought, I read in the N.Y. Times that the inventor of the Frisbee had died. Joseph Schumpeter focused on the...