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A fall in unit labour costs is a mark of greater labour flexibility.
These are the procedures Osborne wants to allow firms to avoid in order to increase labour flexibility.
This often goes together with a plea for supply-side structural reforms, such as labour flexibility and liberalisation.
SMEs are much closer to their customers and there is often more trust between managers and workers, meaning greater labour flexibility.
War of the roses Stopping the rot A taoiseach in trouble Underneath the arches Europe's surprising labour flexibility ReprintsAt least Bulgaria's fiscal position is strong.
She talked unlike any leader on the French left, admiring Tony Blair's employment record and using taboo phrases like "labour flexibility".
Similar(36)
Atkinson's model of labour market flexibility is widely used and describes five domains of workforce flexibility [ 50]: External numerical flexibility, which refers to adjustments to the overall workforce capacity.
Finally, the RBA notes that our industrial relations system is more flexible than in the past and that "greater labour market flexibility may be allowing firms to adjust hours rather than heads by more than usual".
Successful reforms, like the introduction of Jobcentre Plus, improved labour market flexibility.
Privatisation, deregulation and labour market flexibility have run their course without producing stable growth or full employment.
Ormerod concludes: "The labour market flexibility of the theorists, beloved by policymakers, appears to be at odds with reality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com