Labour market policies impact inequality and productivity in the UK.
The article discusses industrial and labor market policies and their impact on performance. It covers topics like market competition, cooperation, innovation, lean production, transnational corporations, inequality in the UK labor market, education policy, HR practices in the banking sector, equal opportunities in the workplace, regulation, and the private finance initiative. The researchers explore how these policies affect productivity, competitiveness, wage costs, trade union power, and overall economic efficiency. Key findings include the importance of fair employee participation, the challenges of hollowing out in Japan, and the critical assessment of the private finance initiative.