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    Universal Basic Income

    Earlier this month, Finland became the first European country to offer its unemployed citizens a monthly unconditional income of €560 as part of a two-year pilot program aiming to reduce poverty and unemployment.[1] Similarly, the councils of Fife and Glasgow in Scotland[2] piloted analogous programs this year, while similar universal basic income (UBI) schemes can…

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    Employment post-Brexit

    On July 13, Business insider posted an article based on Credit Suisse report headlined “’Mayday! Mayday!’ — Britain’s impending recession will kill nearly 500,000 jobs”. Similar predictions by other economists suggested an increase in unemployment post-Brexit, a labour market reaction similar to the financial crisis of 2008. However, data revealed by the ONS suggested that…

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    How might the sharing economy affect the world of work?

    What is the Sharing Economy? New technologies and innovations have encouraged the rise of novel business models, collectively known as the sharing economy. Although definitions of the sharing economy may differ, the term is predominantly used to describe technology driven market places (platforms) enabling a wide variety of exchanges.[1] The appearance of such platforms has…

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    Some potential impacts of Brexit on real wages

    On 23 June 2016, the UK voted, in its referendum on EU membership, to leave the EU. British exit from the EU is commonly referred to as “Brexit”. In this note we shall consider five ways Brexit might be expected to effect real wages: GDP; the share of wages in GDP; immigration; regulation; and prices.…

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    When story-telling is censorship: How independent is your research?

    “Into the woods you have to grope, but that’s the way you learn to cope. “Into the woods to find there’s hope of getting through the journey.” So sing the Baker, Cinderella, Little Red Riding Hood, and Jack (of the beanstalk fame) in Stephen Sondheim’s Into the Woods. Sondheim himself was caught up in a…

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