On inequality, wages and bargaining power matter
Government obsessions with keeping inflation low resulted in the relatively high unemployment rates of the 1980s and 1990s. And when unemployment is high, worker bargaining power is reduced.
Mathieu Dufour is a professor at the Département des sciences sociales Université du Québec en Outaouais.
Government obsessions with keeping inflation low resulted in the relatively high unemployment rates of the 1980s and 1990s. And when unemployment is high, worker bargaining power is reduced.