Decentralized collective bargaining boosts economic growth and employment rates
The article explores how different ways of negotiating wages between workers and employers can impact the overall economy. It looks at how these negotiation systems affect things like job growth, economic stability, and the success of government policies. The researchers found that changing how these negotiations work can have significant effects on things like unemployment rates and economic growth. They also discovered that the timing of these changes can make a big difference in how successful they are.