Search results

Review of the work entitled, "The Fawley productivity agreements: a case study of management and collective bargaining," by Allan Flanders, and a general assessment of recent British experience with a form of bargaining concerned with the exchange of alterations in working practice, designed to raise labor productivity, for increased leisure and higher remuneration for labor.

Relationships among changes in productivity, economic output, & aspects of societal welfare measured by social indicators are discussed. It is suggested that the usual measures of productivity (eg, labor productivity) do not adequately measure real output, & that nonfinancial indicators (eg, qualitative changes in goods & services) are not included in the monetary value of output. Productivity is also understated during inflationary periods, & official accounts do not include data from the underground economy. Still, these types of unrecorded productivity do provide work, goods, & services that will appear in social indicators. A diagram is provided showing the effects of quantity (ie, labor, capital) & quality (ie, education, technology) inputs on various social indicators, eg, housing, social security, health, education, income, leisure. 4 Tables, 2 Charts. Modified HA.