oikonomia

management of the household (community, society, humanity & biosphere) so as to increase its value to all members over the long run
oikos: household; and nomos: rules

Economics, social science concerned with the production, distribution, exchange, and consumption
of goods and services. Economists focus on the way in which individuals, groups, business enterprises,
and governments seek to achieve efficiently any economic objective they select. Other fields of study
also contribute to this knowledge: Psychology and ethics try to explain how objectives are formed;
history records changes in human objectives; sociology interprets human behavior in social contexts.
-Encarta

T12
Eeyore ponders a new career.
"Actually," Eeyore continued, "I'm thinking about a new career myself - personal growth and whatnot, and et ceteras, you know. I'm considering becoming an economist. Actually I didn't think of that myself. Owl suggested that I might be suited for it. He said someone called Thomas Carlyle said economics was the Dismal Science. That sounds most interesting."
-Winnie-the-Pooh On Success by Roger E. Allen & Stephen D. Allen

Monday, June 5

Living wage

Living wage refers to the minimum hourly wage necessary for a person to achieve some arbitrarily defined standard of living.
-Wikipedia: Living wage

Living wage: How about $9 an hour?
With the federal minimum wage stuck at $5.15 for years, cities and states are rebelling. The so-called living-wage campaign rewards workers, but critics say it discourages business.

Opponents of the living-wage movement believe market forces, not regulation, should set wages.

"More often than not, low or unskilled workers are displaced from the job they hold," oftentimes being replaced by a high-school student lured by the higher pay, Doyle said.

...increasingly, Americans see the living wage as a moral issue, and are voting in living-wage ordinances to address the widening gap between rich and poor.
Continue reading at MSN

See MSN Money's 25 Top-rated Articles

I did it again. Came online for a break from Econs and started reading Econs articles.

Oh well.

Side effect of Econs overload.

Phoenix

posted by t12cjc | 7:31 pm

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