Labour Costs and International Competitiveness

G. F. Ray

National Institute Economic Review, 1972, vol. 61, 53-58

Abstract: Figures published recently in Sweden illustrate the implications of Britain's failure to improve productivity in the 1960s as quickly as continental Western Europe. Though wage costs per unit of output in manufacturing industry have risen faster in Britain than in other major industrial countries, the statistics show that employers' total payments per hour of work are now lower here than in almost any industrial country except Japan.

Date: 1972
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