Wage Flexibility vs. Income Safety: Finland's Labor Market Divide Revealed
The survey in Finland showed that employees and employers are mostly satisfied with the current wage bargaining system. However, they have different opinions on wage flexibility and income safety. Employers want more freedom in setting wages, while employees, especially workers, value the safety net provided by minimum wage agreements. Employers prefer decentralized bargaining, but both sides oppose a fully individualized system. Overall, the collective bargaining system is deeply rooted in the Finnish labor market.