Labour Market

Appropriate pay levels ‘can only be determined by the open market’


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IEA Chairman Prof David Myddelton appears on BBC Radio 5 Live's Stephen Nolan programme

In a week where Manchester United striker Wayne Rooney signs a five year contract for (allegedly) double his previous weekly salary, high-earners are again in the spotlight. However, Prof David Myddelton argues on BBC Radio 5 Live’s Stephen Nolan programme that it is only market forces which can determine what pay levels are ‘appropriate’.

Listen to the interview here (segment starts at approx 1:24:40)

 



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