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Coming Soon: A Dramatic Downshift In Company Size, Plus Hours Worked

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Coming Soon: A Dramatic Downshift In Company Size, Plus Hours Worked

A recent study on the impact on business growth of regulatory thresholds built into Italian labor laws is quite instructive of how this works.  In “The Unintended Consequences of Italy’s Labour Laws,” published by the Institute of Economic Affairs in London, Matthew Melchiorre of CEI and Emilio Rocca of Italy’s Istituto Bruno Leoni explain how one of the most restrictive labor regimes in the European Union has led to persistent unemployment, a wholesale shift to temporary workers, an explosion of under-the-table and “informal” market dealings, and stagnant economic growth.