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The Case for ProfitSharing
Collective Bargaining Economic Management
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argue argument assisted areas average base wage Britain capital cent changes collective bargaining created decisions demand Dun & Bradstreet economic effects of profit-sharing employee participation evidence example existing expenditure Figure full employment growth high unemployment higher hiring impact incentive incomes policy increase industrial inflation tax investment involved issues Japan job creation labour costs labour force labour market large firms Layard less long-term unem long-term unemployed long-term unemployment lower macroeconomic major manufacturing ment million NAIRU numbers of long-term organisations output overall ployed ployment private sector problem productivity profit-sharing firms profit-sharing schemes profit-sharing system profits proportion proposals public sector real wages reason reduce unemployment reference level regional development agencies regional policy relative remuneration result Richard Layard share ownership short-term unemployment significant skills small firms special employment measures stagflation subsidy Table trade unions unemployment rate United Kingdom wage system Weitzman West Midlands workers
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