By Peter Roff, TES Contributor At their peak, unions represented more than a third of American workers. Now, after several decades of continuing decline, less than 10 percent of workers in the private sector are part of organized labor. And with so much of American manufacturing having moved offshore to escape the less-than-friendly […]
Tag: minimum wage
Key workers make 8% less than other Brits, on average
“Key workers’ hourly wages are 8% lower on average than other employees” Institute for Fiscal Studies The response to the coronavirus (COVID-19) pandemic has underlined the critical role of the UK’s key workers, many of whom are in relatively low-paid sectors such as food or social care. Overall, a third of key worker employees […]
A European Minimum Wage Is the Next Bad Idea from Brussels
By Bill Wirtz, courtesy of the Austrian Economics Center The incoming European Commissioner for Employment and Social Affairs has only about one thing in common with yours truly: he’s Luxembourgish. Nicolas Schmit is a lifelong socialist and has been Minister of Labor in Luxembourg for as far as I can remember. Bureaucrat-made-politician, Schmit […]
Labour manifesto is a “step back into the dark ages”
“IEA responds to Labour Party’s manifesto” Courtesy of the IEA Commenting on the Labour manifesto, Director General at the Institute of Economic Affairs Mark Littlewood said: “With today’s tax burden now at a 50-year high, the Labour Party’s plan to hike taxes and borrow hundreds of billions of pounds cannot end well for […]
“This is a mess”: QE isn’t working – and neither is government
By Erik Sass, TES Editor-in-Chief Collectively and individually the countries of Europe face economic problems that they are either unwilling or unable to confront due to a lack of political courage, despite the availability of effective remedies. That was the bleak takeaway from a panel discussion of economic and political experts at the […]
Minimum wage hike led to less working time, higher prices in Germany
“Four years statutory minimum wage – an overview of the most important research findings” Courtesy of IAB It was the most radical reform of the German labor market since Agenda 2010: the introduction of the statutory minimum wage in 2015. At that time, science and practice contradicted each other in partly diametrically opposed […]
Labour’s proposed share transfer is a stealth tax with £300B price tag
It’s not news that the Labour Party under Jeremy Corbyn, an unreconstructed Trotskyite, is far more radically left-leaning than under any of his predecessors — but what’s not as well understood is the actual financial impact of the sweeping reinvention of the British […]