Factory bargains and mobile homes
Article Abstract:
UK economic policy should aim to restrict wages growth to the level of productivity growth. Decentralised wage setting is more suitable. Flexible production needs workers with adaptable skills and co-operative attitudes. Profit-related pay with a bonus linked to corporate performance stabilises employment within companies as advocated by the economist James Meade. The system of housing tenure also affects the economy as the lack of private rented accommodation and popularity of mortgages makes the labour force less geographically mobile.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
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Reasons to be cheerful about the recovery's future prospects
Article Abstract:
There are a number of signs that the economic recovery which is currently taking place in the UK may be able to continue for some time before it reaches capacity restraints and pushes up inflation. Business investment is now taking on new forms, and has not come at too late a stage in the economic recovery, as has been the case in the past. Pay levels have remained low, and pressure on exporters from higher sterling will encourage them to hold down wages.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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