Keyword: labor

Fast Labor (9/2/2005)

Extreme division of labor into simple repetitive tasks allows the fast-food industry to increase throughput while lowering labor cost by tapping unskilled teenage and marginal workers.

Keywords: Adam Smith, division of labor, efficiency, fast food, interchangeable worker, labor, labor market, labor-saving, pin factory, standardization, teenage

Income Distribution (7/7/2006)

In the U. S., the top income group has been gaining relative to the rest of the population due to globalization, but the belief in upward mobility is still strong.

Keywords: capital, Gini coefficient, globalization, income distribution, labor, middle class, offshoring, outsourcing, union, upward mobility