Labour market freedom: ours and theirs
A press release landed in my in-tray today, publicising this year’s edition of the Institute for Economic Affairs’ report on the Economic Freedom of the World. It’s essentially a narrative around an index that is made up of such items as ‘size of government’, ‘sound money’ and ‘business regulations’ and one component of this freedom index is ‘labour market regulation’.
The UK, apparently, is the 21st most free country in this respect. Who does better than us? Well it seems we need to catch up with Bahrain , Montenegro, Fiji, Burundi, Jordan and Haiti – which, of course, is the freest country in the world in this regard. (The links are to entries in the International Trade Union Confederation’s latest annual Survey of Violations of Trade Union Rights)