Britain’s Productivity Problem, 1948–1990 by M. Bufton

By M. Bufton

This quantity examines tried alterations to business kinfolk in Britain in the course of 1948-1990, designed to advertise institutional reforms of administration and exchange unions. particular concentration is given to the Donovan fee and different exchange union reforms, and earning rules to attach pay extra tightly with productiveness. overseas tasks of the AACP, BPC, and EPA also are incorporated.

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However they further state that, ‘The extent to which trade unions may be held accountable for the United Kingdom’s slow rate of growth is 38 Britain’s Productivity Problem, 1948–1990 still controversial’ (McCombie and Thirlwall 1994: 92–3). We are left then with a situation where although it is often claimed that British unions have retarded innovation it is by no means proven. In the next chapter we will go on to explore unions and innovation in a comparative context, through the Eichengreen perspective.

Its Vice-Chairman was on the managerial team of the second largest establishment in the Crawley area. This enterprise was in dispute with 350 workers who wanted work sharing. It was also, according to the trades council, attempting to reduce staff but maintain production levels, and it was attempting to reduce wages through the introduction of a bonus scheme. Such measures would of course boost productivity by increasing output per man and lowering unit labour costs. The TUC asked the Trades Council to change their minds saying that, ‘.

1999: 200). 23 24 Britain’s Productivity Problem, 1948–1990 However, it now looks possible that the 1980s productivity surge may have been a product of the estimation procedures by which the Central Statistical Office calculates value added. Value added is one of the most common measures used to obtain that output growth (Total Factor Productivity Growth) which cannot be accounted for by growth in factor inputs, that is, capital, labour, and to a negligible degree land. Quantitatively the impact of this is that, ‘.

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