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From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics

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This weblog offers a variety of song lyrics that instructors of economics may find useful in teaching economics. Each post includes a selection from the song's lyrics and a brief assignment for students. This site has been accepted for publication in the Journal of Economic Education.

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40 Hour Week (For A Livin') - Alabama

JEL: j       

There are people in this country who work hard every day
Not for fame or fortune do they strive
But the fruits of their labor are worth more than their pay
And it's time a few of them were recognized

Hello Detroit auto workers, let me thank you for your time
You work a forty hour week for a livin', just to send it on down the line
Hello Pittsburgh steel mill workers, let me thank you for your time
You work a forty hour week for a livin', just to send it on down the line

Click to Listen

Assignment:

Lots of people want to be entertainers because they place a high value on fame. What effect might placing a positive value on fame have on wages for the average entertainer? Alabama states "the fruits of their labor are worth more than their pay?" Discuss the correctness of this statement from an economic perspective. Your answer should mention the marginal revenue product of labor.

By: Joshua Hall
03.26.07 · Permalink
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