UK Labour Budget, Part 2: The Good, The Bad, and The Ugly
More than a year ago, I wrote about “The good, the bad, and the ugly” in Labour’s first Budget....
Tag: Macroeconomy
Why Labour’s Employment Rights Bill Is Bad News For Workers
My previous pieces (here and here) discussed the topic of “Eurosclerosis” — how static European labor markets cause economic stagnation. While unemployment has fallen, European labor markets aren’t dynamic. Many workers stay with the same employer...
Whew, The Pre-Shutdown Job Market Wasn’t A Disaster
So that’s a relief! Today we got old news — the September jobs report, a much-delayed release of data from the BLS following...
Eurosclerosis Part 2: Europe’s Enduring Labor Market Malaise
My last piece discussed the various structural problems that caused “Eurosclerosis” — the persistent stagnation of European labor markets. Powerful unions and collective bargaining; strict employment...
A Fog Warning For The Job Market
“What do you do if you’re driving in the fog?” Fed Chair Jay Powell asked rhetorically last week. “You slow down.” The...
The UK’s Inflation Mess: No Way Out?
More than two years ago, I warned about the possibility of wage-price spiral in the U.K. My assessment back...
Retail Seasonal Hiring Update: A Cooler Winter for Recruiters
Checking in on the consumer 2025’s seasonal hiring rush will look different from recent years. Over the past five...
Chicken and Egg: The Global Food-Wage Spiral
The decade before the pandemic was marked by low inflation, low interest rates, and weak wage growth. Following the...
Flying Blind: Navigating Data Gaps During A Shutdown
The U.S. government is entering its third day of shutdown on Friday, October 3, which was when the September...
Recruiters: Prepare For Mild Labor Market Stagflation
The labor market is entering a period of mild “stagflation” — a term popularized in the 1970s that describes...
It’s Time to Bring London to the Workforce
The British growth malaise One of the bigger puzzles in macroeconomics is the productivity stagnation that has taken a...
Canada’s Labor Market Is In Recession; Is The Economy Next?
A recessionary labor market There is no doubt that the Canadian labor market is in a downturn as employment...
Warning Signs: Labor Market Reaches An Inflection Point
The U.S. labor market is edging towards a downturn. Employment growth is at its weakest point in the post-pandemic...
Minimum Wage Missteps: First UK, Now Germany?
The British national living wage: An overly ambitious policy? Great Britain has been running one of the most ambitious...
The AI Talent War Is Heating Up
Competition for AI talent has reached extraordinary levels. Reports suggest some early-career researchers are being offered pay packages rivaling...
The UK Labor Market Data is a Hot Mess
How reliable is the British labor market data? Unfortunately, the answer to that question is “not very”! Let’s start...
Squeezed From Two Sides: Italy’s Labor Market Under Pressure
Italy’s economy has weathered the pandemic better than many expected. GDP growth has been slightly better than the Eurozone...
Sector by Sector: Mapping the Labor Fallout of Trump’s Immigration Agenda
In our final segment of this four-part series on immigration, we will discuss the industries and occupations in the...
The Global Graduate Recession
Following the post-pandemic labor market boom, advanced economies are now experiencing a synchronized economic downturn, one that is hitting...
Modeling the Impacts of Immigration Policy
It’s difficult enough to guesstimate the potential impact Trump’s policies will have on immigration, which is what we attempted...