Wages, collective bargaining and recovery from the crisis in the Netherlands
"After the Second World War in the Netherlands, one of the most open economies in the world, wage moderation has be a leading theme in macroeconomic policy and industrial rela-tions. When wage restraint met with an overheated labour market and strike movements, social partners accepted the re-p...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Düsseldorf
2015
HBS |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19115555124919337379-Wages,-collective-bargaining-a.htm |
| _version_ | 1771659900376580096 |
|---|---|
| author | van Klaveren, Maarten Tijdens, Kea G. |
| author_facet | van Klaveren, Maarten Tijdens, Kea G. |
| collection | Library items |
| description | "After the Second World War in the Netherlands, one of the most open economies in the world, wage moderation has be a leading theme in macroeconomic policy and industrial rela-tions. When wage restraint met with an overheated labour market and strike movements, social partners accepted the re-placement of a voluntary ?social minimum wage? by a statutory minimum wage, introduced in 1969. Due to governmental freezes in the 1990s and 2000s the statutory minimum wage fell relative to the average wage, which left room for the in-crease of low-wage employment. In the 2000s the Dutch econ-omy generated large trade surpluses. However, in 2008-13 domestic private consumption fell substantially and this has, in combination with a housing bubble, seriously frustrated the recovery of the Dutch economy from the crisis. Continuing the Dutch wage moderation tradition in current conditions would cause negative effects, not only on domestic demand but also on the country?s labour productivity and growth potential. Thus, there are good reasons to defend a wage-led strategy as a recovery option in the case of the Netherlands." |
| format | TEXT |
| geographic | Netherlands |
| id | 19115555124919337379_142bbe8c89544a33962c229b8d712c1d |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19115555124919337379_142bbe8c89544a33962c229b8d712c1d |
| is_hierarchy_title | Wages, collective bargaining and recovery from the crisis in the Netherlands |
| language | English |
| physical | 26 p. Digital |
| publishDate | 2015 |
| publisher | Düsseldorf HBS |
| spellingShingle | van Klaveren, Maarten Tijdens, Kea G. collective bargaining history minimum wage wage policy Wages, collective bargaining and recovery from the crisis in the Netherlands |
| title | Wages, collective bargaining and recovery from the crisis in the Netherlands |
| topic | collective bargaining history minimum wage wage policy |
| url | https://www.labourline.org/KENTIKA-19115555124919337379-Wages,-collective-bargaining-a.htm |