In the last year, the most important question for U.S. economists and economic journalists has changed from Where are the jobs? to Where are the wages? It's a problem best summed up by Matthew O'Brien in the Washington Post. As the labor market approaches full employment, there should be more pressure on wages to rise.

The administration is close to sealing a trade pact with 11 Asia-Pacific trading partners, the Trans-Pacific Partnership (TPP), and is also negotiating a deal with the European Union. U.S. Trade Representative Michael Froman said on Tuesday Treasury had the lead on currency issues.

This article is about the tax for medical-devices that was started 1.5 years ago. Author states that it should be repealed since it caused many job losses and "business environment" in U.S. deteriorates because of this tax. Also, because small companies that produces medical devices are having a hard time, since sales have dropped, major companies have become more powerful. Fınally, author states that as longer this tax is imposed, as longer it will stay.

This is an article that explains what we've learned in the past few weeks, that necessities are inelastic compared to luxurious products. Furthermore it gives information about the customer types and even explains a strategy that can be used when consumer income elasticity is high. It also mentions that products have a "life cycle" and that this cycle is also a determinant in consumer behavior. Lastly, it adds that best method to determine income elasticity is to do research surveys.

It is about the changes in the PED of oil that is caused by the change in the sources.

This is an article about the regulation of diesel price by using the price mechanism. An the effect of this regulation on the inflation.

This is an article about how the demand for engineers with 3D printing skills has increased over the past years and that jobs related to 3D printing has increased with it. Of course, the recruitment of those with 3D printing skills has increased as well. I think that we can see the relation between demand and supply in this area as well.

I think that this article is strongly connected to what we have done this week. First of all, we have learned what opportunity cost is. Secondly, just like we did in the shipwrecked activity, the article is about the opportunity cost in our daily lives.