Is Free trade good?

There is a consensus amongst economists that free trade is mutually beneficial. Yet, the rise of populists and nationalists globally coincides with the growing popularity of protectionism. In 2016, Donald Trump ran a campaign that focused on the US trade deficit, promising to restrict imports from abroad to boost domestic manufacturing. Once in office, theContinue reading “Is Free trade good?”

Evaluating the Minimum wage

In 1998, the Labour government introduced the minimum wage in the UK, one year following their election victory. Since then, the minimum wage has been used as a bargaining tool by parties across the political spectrum to gain votes. In 2015, the Conservatives introduced the National Living wage, thereby enacting the largest percentage increase toContinue reading “Evaluating the Minimum wage”