Centralized Wage Bargaining Boosts Competitiveness for Multinational Firms, Reduces Inequality
The study looked at how different ways of negotiating wages affect how much companies pay their workers and how wages are spread out within a company in Ireland. They found that when wages are negotiated centrally, companies pay less in total wages, especially foreign-owned companies. This means that multinational companies can save money by setting wages through central bargaining. Also, having a central bargaining system helps reduce wage differences within a company.