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And national pay bargaining dominates the public sector.
The Bank of England's successful squeeze on inflation has also helped to stabilise pay bargaining.
He also signalled the end of national pay bargaining within two years.
Expect a move to localised pay bargaining so such trade-offs are fully understood.
George Osborne's abolition of national pay bargaining for teachers is a drastic policy.
Alan Milburn, the Labour former Cabinet minister, said that national pay bargaining had not closed the "attainment gap" between pupils from poor and more affluent families.
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Union leaders are more hostile, especially to the prospect of any erosion of national pay-bargaining, but their members may well find things such as public-sector co-operative ventures appealing irresistibly to their professional pride.There is another feature of the government's programme this time more tactical than cerebral that could also serve to bind the coalition together.
He argued that Florida was paying bargain-basement prices, saying "the state is getting the Hope Diamond at cubic zirconia prices".
Here, top earners might be able to partly set their own pay by bargaining harder or influencing compensation committees.
Holding the industry hostage in the name of overtime pay, collective bargaining, or vacation accrued, shows just how outdated the conversations taking place by regulators truly are.
The policies that composed it didn't start with President Franklin Delano Roosevelt's signature legislation establishing unemployment insurance, social security, disability pay, collective bargaining and minimum wages.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com