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| Topic: |
Business
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| Number of pages / Number of words: |
17 / 4640 |
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Britain, the USA and Japan represent countries that determine wages predominantly at the company or individual level (Carley 2001). Whilst all countries participate in wage determination processes at both sectoral and company level in varying degrees, Japan represents a country that takes part in company level bargaining only (Carley 2001)...
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Thus it is evident that collective bargaining for determining wage parameters remains more centralized in the European countries and Australia than in Japan and the USA. Table 1 highlights the wage bargaining levels in each country.
Germany, Sweden, Australia and Britain represent countries with traditionally highly centralized wage determination systems in place...
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