Courtesy of IZA Teacher markets, like most public sector labor markets, are often characterized by a large bureaucracy and lack of flexibility. Teacher pay typically follows schedules tied to tenure and does not reward teaching performance. What happens when such heavily regulated labor markets […]
Tag: labor
Argentina needs major structural reform to prosper
Courtesy of Libertad y Progreso, via Xinhua Argentina needs to carry out a series of structural reforms, including in labor and tax matters, to return to the path of economic growth, according to an Argentine economist interviewed on Wednesday. Natalia Motyl, an analyst […]
TES Weekly Update: Trump takes the keys back from California
And it will save American car buyers thousands of dollars… Donald Trump’s move to revoke the waiver that allowed California to set its own vehicle fuel efficiency and emissions standards generated an entirely predictable wave of self-righteous indignation from the left, who portray it as an act of federal eco-tyranny, suddenly rediscovering their love […]
Europe will become even more polarized in downturn
The European Union was supposed to speed up the process of convergence between the continent’s high- and low-income countries, but by many measures the continent has actually become more polarized along regional, economic lines – and this trend is only going to be exacerbated […]
Central banks need to tell everyone to suck it up
While monetary policy has an important role to play in combating economic downturns, central banks have assumed an outsized importance at the expense of other policy options, writes Dr. Michael Ivanovitch in a commentary for CNBC, arguing that central bankers need to […]
Don’t stay classy: UK must fight class bias in hiring, pay
Britain’s rigid, elaborate system of class distinctions may have a long pedigree, but that doesn’t make it respectable. The head of one of the UK’s largest unions, Frances O’Grady of the TUC, has made an impassioned plea to end employer prejudice against job applicants […]
WASHINGTON BEYOND THE HEADLINES: Bipartisan action on IP, De Rugy on tariffs and more…
By Andy Blom, TES Contributor A combination of oppressive heat and Presidential tweets paralyzed Congress, so we still do not have a budget or spending bill. However, free market conservatives continue advancing ideas and legislation that cover a startling diversity of topics. Here’s a roundup of last week’s activity in Washington… […]
Refugees: The Secret Ingredient To Economic Success
By Rana Novack, Social Impact and Innovation Evangelist I had never before heard the term “Conflict Cuisine,” so in March of 2018, when I was asked to speak to students in a course by the same name at American University in Washington, DC, I wasn’t quite sure what to expect. I learned […]
Stopping high-skilled immigration is self-defeating
While immigration has dominated the political debate in Europe and the U.S. for several years, one important but often overlooked issue is the range of skills, education, and productivity some immigrants bring to the table, which can boost economic growth and create jobs in the host country – even when their visa status […]