Labour market flexibility key to productivity boost
25 July 2023
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Housing and Planning
Economics
Housing and Planning
Len Shackleton writes for ConservativeHome
IEA Editorial and Research Fellow Len Shackleton has written for ConservativeHome on how top-down government intervention in labour markets only harms UK productivity.
Len wrote:
“Jobs in today’s Britain are dramatically more attractive than even in the recent past. Pay in real terms is two to three times what it was fifty years ago.
“But people aren’t happy. They complain about stress at work, about pay which doesn’t meet their requirements or expectations. Our ever-growing graduate workforce complains of being stuck in jobs which don’t use their abilities to the max.
“Good jobs are not just those which employees enjoy. They must also be jobs which contribute to the growth of our economy. Improving living standards and happier working lives depend on this, not on more government regulation.”
You can read the full article here.
Len wrote:
“Jobs in today’s Britain are dramatically more attractive than even in the recent past. Pay in real terms is two to three times what it was fifty years ago.
“But people aren’t happy. They complain about stress at work, about pay which doesn’t meet their requirements or expectations. Our ever-growing graduate workforce complains of being stuck in jobs which don’t use their abilities to the max.
“Good jobs are not just those which employees enjoy. They must also be jobs which contribute to the growth of our economy. Improving living standards and happier working lives depend on this, not on more government regulation.”
You can read the full article here.
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