Greater dependency ratios may imply pensions reform—but not that it be unfair.
Flatlining wages, denial of workplace voice and precarity are undermining trust in Europe—and assisting the siren calls of the populists.
Robert Solow famously remarked that the effects of the IT revolution were showing up everywhere except in the productivity statistics. Other economists suggested that full exploitation of a new technology can take a long time, perhaps decades. Well, one area now clearly showing the impact of IT and automation is the labour market. Technology is […]
The French journalist Alphonse Karr once observed that we can either complain because rose bushes have thorns or rejoice because thorn bushes have roses. Karr was writing in the mid nineteenth century against a backdrop of industrialisation, revolution and cultural change in Europe, when human progress was both terrifying and exciting in equal measures. The […]
The financial and Eurozone crises are now fading into memory. Firm growth has returned to Europe. Jobs are being created and new companies formed. Things should be looking up at last. Why aren’t they? Several reasons. First, only some economies are growing, while others are stagnating or still shrinking. Second, the jobs recovery is largely […]