Len Shackleton writes for CapX

The IEA's Research Fellow Len Shackleton has written for CapX on the problems with government intervention in the labour market. In the article, Len illustrates how overbearing regulations can lead to sluggish wage growth, as it has done in the UK. He also highlights how regulation can erode choice and personal freedom, for instance to enter jobs ... Continue reading

Kate Andrews appears on CNBC

Ahead of Thursday's General Election, Kate Andrews appeared on CNBC to discuss the main two Party's policies. Discussing the Conservative Party, Kate explained how the UK has seen a lot of additional employment regulation since 2010, and that it looks like Theresa May may take this further with a crackdown on zero hours contracts and ... Continue reading

IEA research features in City AM

A growing consensus on harsher employment rules may hit the economy post-election, a new study has claimed. The Institute for Economic Affairs is cautioning that both major parties are offering more red-tape, with the Conservatives promising extended care leave and restrictions on zero-hours arrangements. Labour is offering an outright ban on non-traditional contracts, an increased ... Continue reading
Nearly a third of the UK workforce have insecure employment, according to new research from the GMB union, which warns of the impact on health and family life. The union’s research tries to quantify the numbers in what it calls precarious employment – workers in the gig economy, on zero-hours or short-hours contracts, temporary workers, ... Continue reading

New IEA report released on the problems with overzealous employment regulation

Whichever party wins the General Election this week, UK workers are almost certain to face increasing employment regulation. Whether it's the Conservative Party's extended care leave and restrictions on zero-hours arrangements, or the Labour Party's outright ban on non-traditional contracts, a hiked-up National Living Wage, maximum pay ratios and increased union powers, political intervention in ... Continue reading

Political consensus to increase employment regulation risks undermining the economy

Summary: Legal restrictions on the terms and conditions under which employment takes place have a long history in the UK. Since the mid 1960s, however, regulation has substantially increased and now permeates all aspects of work. The costs of this are huge. Just one element relates to the direct burden on firms. For example, the ... Continue reading

Mark Littlewood writes for The Times Business

IEA Director General Mark Littlewood has written for The Times Business on how politicians in the 2017 General Election are more interested in bickering than they are in helping business and entrepreneurs create jobs and wealth. In the article, Mark argues that there is, in fact, a magical money tree. That money tree is the entrepreneurial ... Continue reading

Julian Jessop features in the Sunday Telegraph

The Sunday Telegraph featured analysis from several senior economists ahead of the General Election. Several key proposals from both the Conservative and Labour Party manifestos were scrutinised. Commenting on jobs and wages, Julian Jessop, IEA Chief Economist argued that the Prime Minister’s 11-point plan on workers’ rights will increase intervention in several areas. He says the ... Continue reading
Labour Market
In his now-classic work The myth of the rational voter, Bryan Caplan identifies four systematic biases about economics held by the average citizen: make-work bias (an inclination to overestimate the disadvantages of temporary job destruction due to productivity increases), anti-market bias (a tendency to overlook the benefits of the market as a coordination mechanism), pessimistic bias ... Continue reading

Julian Jessop comments in The Sun

Julian Jessop, Chief Economist at the Institute of Economic Affairs has commented in The Sun following the story that senior labour officials may call for a general strike. In the article Julian argues that McDonnell's planned action would wipe £4 billion off the British economy for each day of action - sending the UK's finances ... Continue reading