The unemployment rate fell to 3.7 percent in September, the lowest in almost 50 years, and remains low, at 4 percent in January. That means many consumers who have jobs can buy our goods and services.

In order to determine the marginal value of labor, you first need to calculate the marginal product of labor. According to Northwestern University, the marginal product of labor indicates how many ...

I think you expressed the point about “Jim”, the marginal employee well (see “ Rights, privileges, fairness and equality, ” Keep the Joint Running, 5/5/2008). What about the flip side where management ...