Posted 2/23/2024, 6:06:00 PM
UK Labor Shortage Highlights Need for Reforms
- Finding and retaining employees in the UK has become extremely difficult due to overregulation and a dysfunctional labor market.
- The author's assistant quit after only 10 days, triggering administrative nightmares with payroll, pensions, etc.
- Bloated benefits discourage people from working while mental health is used as an "excuse for unreliability."
- Hiring someone for even a few days requires jumping through endless hoops of red tape.
- The author argues the Chancellor must reform labor laws and reduce benefits to strengthen economic growth.