When minimum wages are introduced or raised, are there fewer jobs? Global evidence says yes, according to IZA World of Labor author David Neumark. The benefits are clear: higher wages for the workers receiving them. The potential downside is that a higher minimum wage may discourage employers from using the low-wage, low-skill workers that these wages are intended to help. Research is not unanimous, but evidence from many countries suggests minimum wages reduce jobs available to low-skill workers.
The immigration debate within the UK Labour party continues. The party deliberates new migration policies to appeal to voters who want immigration to be "properly controlled." Read about the debate
Unemployment in Europe's two largest economies rose unexpectedly in May, with record high figures in France and a surprise uptick in Germany. This was far removed from expectations of a 15,000 decrease. Why has this happened?
A report from Strategy& revealed that women take up only 5% of chief executive positions, but predicted that this will increase to around 30% by 2040. However, women are more likely to be fired than men. Find out why