Posts Tagged ‘productivity’

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    How Has The Safety Net Affected the Unemployment Rate?

    Feb 5, 13 • 231 Views • No Comments

    University of Chicago economist Casey Mulligan believes that the US unemployment rate has remained high because of many separate public policy changes. Big and small, each one influenced workers, businesses and consumers by creating new incentives. For...  [read more]

  • The Washing Machine Empowered Women.

    Gender Issues: Home Work

    Dec 31, 12 • 487 Views • No Comments

    A few thoughts about the washing machine… To do a wash, the typical late 19th century woman had to boil the water, use her scrub board, wring out the water, hang up the clothes, and carry out the dirty water. For 4 children, she would have washed 40,000...  [read more]

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    Who Works the Hardest in the Euro Zone?

    Sep 30, 12 • 318 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]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Aging Challenges

    Aug 27, 12 • 279 Views • No Comments

    If you lined up everyone in the United States by age, the middle person would be close to 37.1 years old. In 1850, the median age was 19, for 2000 close to 35 and by 2050, we expect that middle individual will be 41. Accelerated by baby boomers who started...  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Cheesecake Medicine?

    Aug 7, 12 • 264 Views • No Comments

    Could Cheesecake Factory help us fix our healthcare system? Touring the kitchen of a Cheesecake Factory restaurant, you would see arrival, refrigeration and storage areas, and cutting, mixing, chopping and combining zones. Preparing the 308 dinner choices...  [read more]