People are trapped outside our labour market, and it's hurting our economy

Employment minister Chris Grayling might be going on holiday pretty chuffed with himself after the latest employment figures. On the other hand, a lot of other ministers have much to think about as they prepare to sun themselves.

How do we reconcile booming private sector employment with a flat economy? The obvious answer is that productivity is falling. The fact that real wages are falling suggests that this may be true. But why? There are several possible explanations, none of which are mutually exclusive.

Read the full blog post here

Source: http://www.iea.org.uk/blog/people-are-trapped-outside-our-labour-market-and-its-hurting-our-economy

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