Letter: Power of money
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Your support makes all the difference.Sir: Charles Bean (Letters, 28 October) puts his finger on the major flaw in your manifesto for economic recovery - the need for urgent change in the labour market. His remedy is, however, somewhat nave. Does he really expect employers reared on the economics of a free market to forgo their belief in the power of money when faced with a desperate need to retain vital skilled workers and recruit others? And what of the workers presumably ignored in any bargaining between employers?
No, the need is for a radical reform of our outdated structure of industrial relations. Surely we can learn something from other countries such as Germany or Japan.
Yours sincerely,
ARTHUR T. COLLIS
Birmingham
28 October
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