Professor Len Shackleton appears on BBC Three Counties

Professor Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs has appeared on BBC Three Counties to discuss tipping. In the interview Len argues that while it is a shock to the system for waiting staff to suddenly not receive full tips, they are part of a team and without the back of ... Continue reading
Labour Market
The latest push to license an occupation concerns the building trade. In line with Milton Friedman’s observation, the initiative comes not from the public which is ostensibly to be protected, but from the Federation of Master Builders. In its new proposals, the Federation raises predictable concerns: the “scourge of rogue and incompetent builders”, the need ... Continue reading

Mark Littlewood appears on BBC Radio 5 Live

Mark Littlewood, Director General at the Institute of Economic Affairs has appeared on BBC Radio 5 Live to discuss wage stagnation. In the interview Mark argues that while the TUC's analysis of wage stagnation and the reasons for it is right, their prescriptions are not. The underlying problem of wage stagnation has been productivity in ... Continue reading
Labour Market

New IEA report features in The Sun

A new IEA report on the impact of new technology and robots on the labour market has featured in The Sun. Just 15 per cent of workers' jobs are threatened by robots. A robot tax would actually deter job creation, decrease investment in the UK, and leave the UK lagging behind internationally. Read the full ... Continue reading

Len Shackleton writes for City AM

Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs has written for City AM following the release of his new paper on the rise of robots. There seems to be little evidence that job displacement is moving faster than the economy’s ability to develop new types of employment. The claims being made of ... Continue reading
Research

Why we shouldn't panic about automation, algorithms and artificial intelligence

Summary: 1. It is claimed that robots, algorithms and artificial intelligence are going to destroy jobs on an unprecedented scale. 2. These developments, unlike past bouts of technical change, threaten rapidly to affect even highly-skilled work and lead to mass unemployment and/or dramatic falls in wages and living standards, while accentuating inequality. 3. As a ... Continue reading

IEA releases report on the rise of robots & their potential impact on the labour market

The panic surrounding technological development and the expanding use of robots is largely overstated, based on speculation and limited facts. In the UK we have at least as high a proportion of the population employed as 100 years ago: technology creates new jobs as well as destroying old ones. Calls for a ‘robot tax’ to ... Continue reading

Len Shackleton is quoted in The Sunday Times

Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs has been quoted in The Sunday Times on his report on occupational licensing. There are many disadvantages to occupational licensing. Regulations are supposedly introduced to protect the public from unscrupulous or incompetent practitioners. In reality, such rules entrench existing operators and exclude new entrants. ... Continue reading

Kate Andrews appears on UnHerd's podcast

Kate Andrews, News Editor at the Institute of Economic Affairs has appeared on UnHerd's podcast covering a variety of current issues including President Macron's visit to the USA, Facebook and the gender pay gap. In the interview Kate discussed the potential pitfalls of Facebook's crackdown on political advertisements. If Facebook are going to be letting ... Continue reading
Economic Theory
The governor of the Bank of England, Mark Carney, recently hit the headlines for his predictions of what might happen when robots take over many labour market tasks from humans. Carney argued that, if mechanisation led to lower living standards and greater inequality, “Marx and Engels may again become relevant.” There are quite a few ... Continue reading