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PA Enterprise
Therefore, Professor Brandl states that the
transition of the British economy “towards a high-
wage, high-skill, high-productivity economy”
is not as easy as it looks and might lead to
substantial disruptions and conflicts in the years
ahead. The transition process can be expected
to be time-consuming, costly and likely to cause
some damage in the short-term. However, in
the long-run it could be highly beneficial for
businesses and workers.
PA Enterprise is published by
Professor Brandl says “it takes a lot of “guts” for the
government to initiate this move since voters in
the next election might go to the ballots on basis
of the short-term pain they already see instead of
considering the long-term gains.”
This research was carried out through Professor
Brandl’s investigation of how and why countries
operate in different skilled models, and the effects
of collective wage bargaining on wages, skills and
productivity in a country.
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