The Rest Is History cover image

417. Britain in 1974: State of Emergency (Part 1)

The Rest Is History

NOTE

Negotiation and Self-Interest

Negotiations for a pay rise involve a discrepancy between what the Union leaders ask for (25%) and what they settle for (4%) in the interest of maintaining their position. The speaker highlights the disconnect between a technocratic approach to negotiation and the self-interest of individuals, wherein people often prioritize personal gain over collective well-being.

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