Working to Rule: The Damaging Economics of UK Employment Regulation PDF Download
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Author: J. R. Shackleton
Publisher: London Publishing Partnership
ISBN: 0255367449
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Employment regulation has been growing rapidly. This has not exclusively, or even mainly, come from the European Union. Recent UK governments have added such significant new measures as the National Living Wage, workplace pensions and the Apprenticeship Levy. The costs of such regulation are frequently assumed – by both advocates and opponents – to fall on business profits. This isn’t so, except in the very short run. They are instead transferred in part to consumers, but mainly to employees themselves. Mandated benefits – longer holidays or extended maternity leave – mean reduced pay growth and fewer job opportunities. Anti-discrimination laws lead to fewer openings for disadvantaged groups, while employment protection legislation worsens job prospects for the young. Excessive regulation acts as a barrier to entry, shielding incumbents and deterring the foundation of new enterprises. Attempts to restrict new types of employment in the ‘gig’ economy are counterproductive, serving ‘insiders’ at the expense of ‘outsiders’. This book combines a history of employment laws with detailed analysis of the troublesome effects of various interventions. The author argues for a fundamental rethink. Some basic labour market regulation may still be necessary, but far less than we currently have.
Author: J. R. Shackleton
Publisher: London Publishing Partnership
ISBN: 0255367449
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Employment regulation has been growing rapidly. This has not exclusively, or even mainly, come from the European Union. Recent UK governments have added such significant new measures as the National Living Wage, workplace pensions and the Apprenticeship Levy. The costs of such regulation are frequently assumed – by both advocates and opponents – to fall on business profits. This isn’t so, except in the very short run. They are instead transferred in part to consumers, but mainly to employees themselves. Mandated benefits – longer holidays or extended maternity leave – mean reduced pay growth and fewer job opportunities. Anti-discrimination laws lead to fewer openings for disadvantaged groups, while employment protection legislation worsens job prospects for the young. Excessive regulation acts as a barrier to entry, shielding incumbents and deterring the foundation of new enterprises. Attempts to restrict new types of employment in the ‘gig’ economy are counterproductive, serving ‘insiders’ at the expense of ‘outsiders’. This book combines a history of employment laws with detailed analysis of the troublesome effects of various interventions. The author argues for a fundamental rethink. Some basic labour market regulation may still be necessary, but far less than we currently have.
Author: Katherine V. W. Stone
Publisher: Cambridge University Press
ISBN: 9780521535991
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
From Widgits to Digits is about the changing nature of the employment relationship and its implications for labor and employment law. For most of the twentieth century, employers fostered long-term employment relationships through the use of implicit promises of job security, well-defined hierarchical job ladders, and longevity-based wage and benefit schemes. Today's employers no longer value longevity or seek to encourage long-term attachment between the employee and the firm. Instead employers seek flexibility in their employment relationships. As a result, employees now operate as free agents in a boundaryless workplace, in which they move across departmental lines within firms, and across firm borders, throughout their working lives. Today's challenge is to find a means to provide workers with continuity in wages, on-going training opportunities, sustainable and transferable skills, unambiguous ownership of their human capital, portable benefits, and an infrastructure of support structures to enable them to weather career transitions.
Author: Anthony J. Evans
Publisher: London Publishing Partnership
ISBN: 0255367686
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
How much money is circulating in the United Kingdom? The question sounds simple. In fact, it is notoriously difficult to answer, because what counts as money is not a straightforward matter. A variety of measures have been advanced, and they tell different stories about the changing supply of money in an economy. These differences are of more than merely academic interest, because measures of the money supply are inputs to the decisions of central banks. Wrong answers can lead to wrong actions, with potentially devastating economic effects. This book examines the measure of money and, in that light, the actions of the Bank of England in in the lead up to the 2008 financial crisis and its aftermath. It is essential reading for anyone interested in money, measures of its quantity, and the relationship between the money supply and the economic cycle.
Author: Michael C. Munger
Publisher: Do Sustainability
ISBN: 0255367929
Category : Business & Economics
Languages : en
Pages : 171
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Book Description
Transactions have always taken place. For hundreds of years that ‘place’ was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts – online platforms. Here, author Michael C. Munger demonstrates how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything – they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organising and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three ‘Ts’ - triangulation, transfer and trust – in bringing down those costs.
Author: Christopher J. Counihan
Publisher: London Publishing Partnership
ISBN: 0255367805
Category : Education
Languages : en
Pages : 203
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Book Description
This volume of essays examines the empirical evidence on school choice in different countries across Europe, North America, sub-Saharan Africa and South Asia. It demonstrates the advantages which choice offers in different institutional contexts, whether it be Free Schools in the UK, voucher systems in Sweden or private-proprietor schools for low-income families in Liberia. Everywhere experience suggests that parents are ‘active choosers’: they make rational and considered decisions, drawing on available evidence and responding to incentives which vary from context to context. Government educators frequently downplay the importance of choice and try to constrain the options parents have. But they face increasing resistance: the evidence is that informed parents drive improvements in school quality. Where state education in some developing countries is particularly bad, private bottom-up provision is preferred even though it costs parents money which they can ill-afford. This book is both a collection of inspiring case studies and a call to action.
Author: Eamonn Butler
Publisher: London Publishing Partnership
ISBN: 0255367775
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
School of Thought – 101 Great Liberal Thinkers profiles the lives and ideas of some of the leading thinkers on individual liberty – from ancient times to the present day. Award-winning author Eamonn Butler outlines key elements of liberal thought and takes a chronological look at those who shaped it across the centuries. He identifies their common goals – but also highlights their differing views on, for example, the extent of government involvement in our daily lives. For anyone interested in politics, government, social institutions, capitalism, rights, liberty and morality, School of Thought – 101 Great Liberal Thinkers provides a clear and concise introduction to a set of radical ideas – and the thinkers behind them.
Author: Nima Sanandaji
Publisher: London Publishing Partnership
ISBN: 0255367899
Category : Business & Economics
Languages : en
Pages : 103
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Book Description
How can health services in the UK and Europe be improved? And can costs be reduced at the same time? Over the years, many ideas have been put forward – from increased spending on preventive healthcare to the better use of technology to reduce bureaucracy and ‘pay for performance’ schemes. But author Nima Sanandaji says this is merely tinkering at the margins. What’s needed, he argues, is a completely new approach – one which embraces disruptive innovations from a new breed of entrepreneurs. Allowing true entrepreneurialism in healthcare might be considered extreme in a Western setting – but he points to a spectacular wave of success in the East to support his case. In India, Thailand, China and the Middle East, entrepreneurs have drawn inspiration from the motor industry to streamline procedures and create economies of scale. In areas such as heart surgery, they’ve dramatically driven down costs – and dramatically improved outcomes. So much so that the new market economies of the East are now, he contends, many steps of ahead of the West. In The Henry Fords of Healthcare Sanandaji outlines the lessons the West can now learn from the East, making a radical, compelling and controversial contribution to the debate on our own ailing health systems.
Author: Eamonn Butler
Publisher: London Publishing Partnership
ISBN: 0255367651
Category : Fiction
Languages : en
Pages : 177
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Book Description
Few 20th century intellectuals have been as influential – and controversial – as the novelist and philosopher Ayn Rand. Her thinking still has a profound impact, particularly on those who come to it through her novels, Atlas Shrugged and The Fountainhead – with their core messages of individualism, self-worth, and the right to live without the impositions of others. Even though ignored or scorned by some academics, traditionalists, progressives, and public intellectuals, she remains a major influence on many of the world’s leading legislators, policy advisers, economists, entrepreneurs and investors. Why does Rand’s work remain so influential? Ayn Rand: An Introduction illuminates Rand’s importance, detailing her understanding of reality and human nature, and explores the ongoing fascination with and debates about her conclusions on knowledge, morality, politics, economics, government, public issues, aesthetics and literature. The book also places these in the context of her life and times, showing how revolutionary they were, and how they have influenced and continue to impact public policy debates.
Author: Eamonn Butler
Publisher: Do Sustainability
ISBN: 0255367988
Category : Political Science
Languages : en
Pages : 143
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Book Description
What is democracy? How does it work? What are its strengths – and its shortcomings? Two-thirds of the world’s population, in over 100 countries, live under governments that claim to be democratic. Yet few of those governments live up to the ideals of democracy, or respect its key principles and institutions. Here, author Eamonn Butler defines democracy, explains its purposes, and shows the difference between genuine democracy and the many sham versions that currently exist. He outlines the history of democracy and the benefits it brings. But he also points out the many myths about it that blind us to its limitations. And he explains why it’s important to have a clear understanding of democracy – and how easily it can be lost or abused when people do not properly understand it. Importantly, he asks why so many people today have become disillusioned with democratic politics – and what, if anything, can be done about it. This lucid and fascinating book provides a straightforward introduction to democracy, enabling anyone to understand it – even if they’ve never experienced it.
Author: David S. Oderberg
Publisher: London Publishing Partnership
ISBN: 0255367627
Category : Social Science
Languages : en
Pages : 155
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Book Description
Should people with deeply held objections to certain practices be allowed to opt out of involvement with them? Should a Christian baker who objects to homosexuality be allowed to deny service to a customer seeking a cake for a gay wedding? Should a Catholic nurse be able to refuse to contribute to the provision of abortions without losing her job? The law increasingly answers no to such questions. But David Oderberg argues that this is a mistake. He contends that in such cases, opting out should be understood as part of a right of dissociation – and that this right needs better legal protection than it now enjoys.