The right to choose - Saviour Rizzo
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The differentiations in the wage packets of workers suggest that collective bargaining, which ultimately leads to a collective agreement, is very effective in the adjustment of wages that can ensure the dual objective of maintaining the relativity of wages whThe right to choose - Saviour Rizzo
The differentiations in the wage packets of workers suggest that collective bargaining, which ultimately leads to a collective agreement, is very effective in the adjustment of wages that can ensure the dual objective of maintaining the relativity of wages while at the same time reducing or eliminating precarious work. On the strength of this argument an all-unionised workforce is the ideal scenario for a wage policy that would adequately address the issue of precarious employment and in the process bring about a higher degree of equity in wage policy. This would be complemented by a State apparatus that oversees the macro consequences of collective bargaining in order to restrain the potential spiral trend of negotiated wage increase. In such a scenario, the union would be bound to act in a socially responsible way by taking into account the external (third party) effect of negotiated wage. In taking such a stance the trade union would try to mitigate the impact on the prices of goods and services provided by the company, which results from the wage increases agreed by employers and union. Perhaps, it was the rationale of such an utopian vision of an industrial relations system... Read more