Labour Market
It's difficult to focus on anything while Brexit continues to take up so much bandwidth, but I noticed that Philip Hammond has just commissioned a review of the evidence on the impact of minimum wages. You might well ask quite why we need yet another such review. As someone who teaches labour economics, I am ... Continue reading

Julian Jessop comments in the Financial Times

Julian Jessop, formerly the Chief Economist at the Institute of Economic Affairs has been quoted in the Financial Times on the gender pay gap. In the article Julian argues that if the gender pay gap had narrowed, the chances are it would have done so anyway given the downward trend over many years. Read the ... Continue reading
Labour Market
Twice in recent weeks Parliament Square has been blockaded by taxi drivers. The visible contrast between these demonstrations tells us something about ethnic pay differences. The first blockade was by black cab drivers, those allowed to pick up fares in the street. Their particular argument this time was with London mayor Sadiq Kahn, who wants ... Continue reading

Mark Littlewood writes for the Times Business

The IEA's Director General has written for the Times Business on the gender pay gap reporting figures. "The concerning feature of the debate about gender pay is that the data falls well short of imparting the actual information we would need if we wanted properly to analyse where sexism or misogyny exists and how we can ... Continue reading

Len Shackleton appears on the BBC Sunday Politics Show

Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs has appeared on the BBC Sunday Politics to discuss the London living wage. In the interview Len argues that there certainly is a poverty problem in London but tackling this problem simply in terms of pay is not the way to go about this. ... Continue reading

Len Shackleton writes for CapX

Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs has written for CapX in defence of top pay. In the article Len argues that for all their flirting with Corbynism, young Britons are pretty relaxed about high pay. Cutting executive pay might sound enticing - but it would benefit precisely no one. Read the ... Continue reading
Labour Market
When I was growing up, unemployment was the great economic concern of our time. If I'd been born a little earlier, it would have been inflation, but in the 1980s the glowing orange signs of the old Jobcentres were a ubiquitous feature of the television news. And with good reason. In 1984, the unemployment rate ... Continue reading
Labour Market
The Government’s consultation on ethnic pay gap monitoring closed a couple of weeks ago. We await the findings, but it looks pretty certain, given the submissions I have seen, that we will soon see compulsory reporting. Many of these submissions by businesses and representative bodies support the proposal by Baroness McGregor-Smith, in her 2017 review of ... Continue reading

The IEA is quoted on Bloomberg

The IEA has been quoted on Bloomberg on the latest analysis on executive pay. Fat Cat Friday is a gimmick heavily reliant on stoking public hostility to get companies to reduce salaries at the top. It ignores the fact that CEOs’ roles are becoming more important and that their decisions can make or break a company, ... Continue reading

Mark Littlewood comments in the Independent

Mark Littlewood, Director General at the Institute of Economic Affairs has commented in the Independent on the High Pay Centre’s analysis of executive pay. In the article Mark argues that the concept of 'super talent' is not myth. In our globalised economy, CEOs’ roles are indeed becoming more important as their decisions can make or break ... Continue reading