Mr. Sherk is a senior policy analyst in labor economics at the Heritage Foundation.
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Simple labor economics might seem to predict that a wage floor would necessarily lead to a labor surplus.
Enrico Moretti is the Michael Peevey and Donald Vial Chair in Labor Economics at the University of California, Berkeley.
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As a university professor that teaches courses in Labor Economics, we spend a portion of the course analyzing the issue of discrimination in our society.
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"An outflow of immigrants, or a reduction in the inflow, could actually lessen the recessionary pressures, " writes professor George Borjas, an expert on labor economics at Harvard University, in an e-mail.
The immigration debate has been resisting new information for years, not only in the traumatic and of course rare instances of terrorist acts by immigrants and their children, but even more in labor economics.
Doubling the subsidized rate could also have discouraged students from seeking federal aid or pushed many toward cheaper public institutions or two-year community colleges, said Ronald Ehrenberg, director of the Cornell Higher Education Research Institute and a professor of labor relations and economics.
Some may question whether economics or labor markets work this way.
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This is the economics of labor markets and compensating differentials.
Global manufacturing is at the cusp of a massive transformation as the new economics of energy and labor plays out and a set of new technologies robotics, artificial intelligence, 3D printing, and nanotechnology are advancing rapidly.
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"This is an industry where if you get your costs out of line and business is not so good, you're dead, " says Sam Peltzman, a University of Chicago business school economics professor who studies labor and the airline industry.
As some of the later speakers at the conference pointed out, particularly Avi Reichental, Chief Executive Officer, 3D Systems and Neil Gershenfeld, Director, MIT Center for Bits and Atoms, global manufacturing is at the cusp of a massive transformation as the new economics of energy and labor plays out and a set of new technologies robotics, artificial intelligence, 3D printing, and nanotechnology are advancing rapidly.
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Adam Ozemik has two thoughtful pieces up ( here and here) on the economics of unions and the difficulty organized labor faces in a global, dynamic economy.
The commitment comes as economics are changing for making goods overseas: Labor costs are rising in Asia, while oil and transportation costs are high and increasingly uncertain.
Foreign automakers building in the United States have chosen to locate plants in the South over the upper Midwest because the economics made more sense and taxes and labor costs were a big part of that calculus.
"This is an industry where if you get your costs out of line and business is not so good, you're dead, " says Sam Peltzman, an economics professor at the University of Chicago business school who studies labor and the airline industry.
In classic economics, a marriage is, at least in part, an exercise in labor specialization.
Hundreds of thousands have left for jobs in Malaysia, Singapore, Taiwan, Saudi Arabia and Bahrain, says Philip Martin, a professor of economics at the University of California, Davis and editor of a newsletter on labor migration.
Economics professor and investment advisor, Douglas Rice, citing the most recent Bureau of Labor Statistics for the over-55 set, says that the employment scene appears to be better for women (6.2%) than for men (8.1%).
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Public choice theory explains the incentives and behavior of the tens of thousands of government employees who work in the bowels of the Bureau of Labor Statistics, Bureau of Economic Analysis, U.S. Treasury, Office of Management and Budget, Economics and Statistics Administration, and countless other agencies who generate and massage spreadsheets day in and day out.
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Borrowing from the law-firm economics of billable hours, he has ordered plants to make sure that at least 85% of the labor hours in the payroll are charged to a specific job.
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