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The Labour Market

In: Understanding the UK Economy

Author

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  • Brian McCormick

Abstract

The Conservative government which came into office in 1979 envisaged a long period, some 10 years, over which the reforms of the British economy would be undertaken. The reforms embraced fiscal stability; deregulation of the economy; privatisation of the nationalised industries; and the reduction of trade union powers. The first three of these issues are dealt with in detail elsewhere in this book, but all have a bearing upon the efficiency of the labour market. The pursuit of fiscal stability has, for example, led to a reduction of aggregate demand with repercussions on the demand for labour, whilst the pursuit of tax cuts has had implications for incentives and the supply of labour. Deregulation has led to a modification of the operation of minimum wage legislation and to a reconsideration of policies which had been designed to eliminate casual labour in the ports. Privatisation has meant the intrusion of commercial criteria into the operations of some industries and the abandonment of nationalisation as a means of income redistribution and stabilisation.

Suggested Citation

  • Brian McCormick, 1990. "The Labour Market," Palgrave Macmillan Books, in: Peter Curwen (ed.), Understanding the UK Economy, chapter 6, pages 199-235, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20586-8_7
    DOI: 10.1007/978-1-349-20586-8_7
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    Citations

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    Cited by:

    1. Geoffrey Meen, 1996. "Ten Propositions in UK Housing Macroeconomics: An Overview of the 1980s and Early 1990s," Urban Studies, Urban Studies Journal Limited, vol. 33(3), pages 425-444, April.
    2. Beresne, Martha Bernadett & Kerekes, Geza, 2009. "The Relationship between Alternative Unemployment Indicators and Agriculture in the Northern Great Plain," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 109, pages 1-11, April.
    3. Henry Overman & Patricia Rice & Anthony Venables, 2010. "Economic Linkages across Space," Regional Studies, Taylor & Francis Journals, vol. 44(1), pages 17-33.
    4. Gábor R., István, 1998. ""Reményvesztett dolgozók" a fejlett piacgazdaságban [Hopeless workers" in the developed market economie]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 370-378.
    5. Geoffrey Meen, 2001. "The Economic Role of New Housing," ERES eres2001_231, European Real Estate Society (ERES).
    6. Geoffrey Meen, 2016. "Spatial housing economics: A survey," Urban Studies, Urban Studies Journal Limited, vol. 53(10), pages 1987-2003, August.
    7. Kevin Doogan, 1996. "Labour Mobility and the Changing Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 33(2), pages 199-221, March.
    8. Taylor, Mark P & Böheim, René, 2000. "Unemployment Duration and Exit States in Britain," CEPR Discussion Papers 2500, C.E.P.R. Discussion Papers.
    9. David Clapham, 1996. "Housing and the Economy: Broadening Comparative Housing Research," Urban Studies, Urban Studies Journal Limited, vol. 33(4-5), pages 631-647, May.
    10. Ferhan Gezici & Berna Keskin, 2005. "The Interaction between Interregional Disparities and Immigration in Turkey," ERSA conference papers ersa05p132, European Regional Science Association.
    11. Boeh-Ocansey, Osei & McGrath, Simon & King, Kenneth & Leach, Fiona & Carr-Hill, Roy & D'Souza, Keith & Messina, Graciela & Oketch, Henry, 1994. "Education and Training for the Informal Sector," Education Research Papers 12826, Department for International Development (DFID) (UK).

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