Saturday, February 10, 2007

Best Economic Story of the Day

A story in New York Times on India reported that:

"[S]ix years ago, after partial deregulation of the leather industry, Mrs. Partipan found a leather factory job. She sewed everything from handbags to jackets and earned $3 a day. She learned that she could earn as much as an additional $7 a day by doing extra sewing at home in the evening and on weekends, when other factories were desperate to finish orders."

How is she going to resolve this problem matching her labor supply to the demand?

Mobile phone is the answer. And no she does not get it herself but somebody else has it. Read on.

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