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Kristian Niemietz
3 April 2014
1 comment

Most arguments in favour of a mandatory living wage, or a large hike in the National Minimum Wage (NMW), are playing to a left-wing gallery. There is the paleo-Keynesian argument that a higher NMW...
Ryan Bourne
2 April 2014
3 comments

As the economic debate has shifted away from macroeconomic outcomes to living standards, politicians across all parties have become increasingly interested in pay, particularly for those on low...
Stephen Michael MacLean
27 February 2014
1 comment

The allure of minimum wage laws arises once more in both the UK and the US. While Chancellor Osborne has suggested raising the national minimum wage to £7.00, President Obama’s State of...
Steve Watt
17 December 2013
2 comments

Youth unemployment and long-term unemployment have increased dramatically in the UK since the introduction of the minimum wage. However, things could be worse. In France, on top of the minimum wage...
John H. Cochrane
30 September 2013
1 comment

Recently, on a long car trip returning from a glider contest, I did something unusual among our liberal elite: I actually went to a McDonald’s and ate there. The lady who took my order must...
W.S. Siebert
13 September 2013
5 comments

The UK’s minimum wage began in April 1999, fulfilling a promise of Blair’s new Labour government. Blair was responding to popular demand, since the Conservative government in 1993 had...
Len Shackleton
20 February 2013
2 comments

Today’s labour market figures again present a largely positive picture, with unemployment falling once more, employment rising sharply, and economic inactivity falling. But there is plenty...
Len Shackleton
11 September 2012
2 comments

Last week Ed Miliband suggested that a new Labour government could introduce a requirement for all government contractors to pay a ‘living wage’ well in excess of the national minimum...
Karthik Reddy
1 August 2011
6 comments

An oft-overlooked effect of wage floors is that they permit and even encourage various forms of discrimination. Discrimination is an unfortunate yet persistent tendency that continues to exist in...
Kristian Niemietz
7 July 2011
3 comments

In social policy debates, collective memory is extraordinarily short-term. Once a transfer instrument has been around for a few years, it becomes part of the furniture, and anyone proposing it...
Kristian Niemietz
22 June 2011
9 comments

In the March issue of Economic Affairs, a paper by Karthik Reddy analysed the empirical literature on the employment effects of minimum wages. The paper shows that there was indeed a period in...
Len Shackleton
18 February 2011
2 comments

A key part of promoting supply-side improvements in the UK economy has to be the loosening-up of employment regulation. Although the UK still has a rather freer labour market than some of its...
Nick Hayns
27 January 2011
comments

It is not easy running a business in this country. You might think I'm making reference to the recession, and, indeed, that is certainly something that has served to heap misery on this nation...
Philip Booth
26 January 2011
1 comment

As Mervyn King suggested last night, the prospects for living standards in the near future are grim. Higher economic growth will help and the government should therefore pursue policies that...
Karthik Reddy
6 October 2010
2 comments

Nearly one million Britons will see their pay rise to £5.93 this week, from £5.80 per hour last week – representing a 2% rise in the adult minimum wage in accordance with...
Mark Littlewood
28 October 2009
6 comments

With youth unemployment rising to 1 million, the government – or more realistically the Tories – need a radical rethink of the how the British labour market works. Or more to the point,...
Philip Booth
14 October 2009
comments

According to Keynes, sticky prices in markets lead to a phenomenon whereby we can get disequilibrium in the labour market unless the government intervenes to prevent deflation. As ever, all the...
Richard Wellings
16 June 2009
comments

●  Philip Booth argues there is no real concept of a market in the British education system   ●  Gary Becker on Obama’s fatal conceit   ●  Samuel Brittan reviews...
J. R. Shackleton
11 May 2009
2 comments

The government can’t keep out of anything. Last week we had the spectacle of Andy Burnham, the Culture Secretary, walking out of a meeting with football’s Premier League seriously...
Philip Booth
20 February 2009
12 comments

This is not the first time this subject has been covered on the IEA blog – but the point needs repeating. We should remove all impediments to employment in a recession and this should include...

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