Do trade unions still matter in the UK?
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The Cost of Collective Action: A Historical Perspective
Strike actions, particularly in the late 1970s, significantly impacted productivity, resulting in a loss of about 30 million days— the highest since the 1920s. This era marked a culmination of increased labor disputes, a stark contrast to the late 1990s when lost days due to strikes dwindled to 2-300,000. The data highlights a trend of fluctuating labor unrest, underlining the varying intensity and implications of collective actions over time.
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