William Richardson


National Minimum Wage?

Policymakers face harsh realities when introducing economic policy: markets are amoral, they care not for good nor bad intentions. In short, having popular politics doesn’t necessarily translate to effective economics. In the wage market, there is an inherent trade-off between the wage level and the level of unemployment. While the relationship between the two is…


Vice-Chancellor pay faces increasing scrutiny

Universities Minister Jo Johnson has announced plans to introduce new requirements for universities to justify paying staff more than the prime minister (£150,000 per year) and to publish the details of staff earning over £100,000 per year. Mr Johnson accused vice-Chancellor pay of spiralling upward in recent years. However, while pay has increased substantially in…

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