Britain's system of labor relations is particularly susceptible to swings in economic conditions that favor either the employer or employees.

Question

Quizplus · Accepted Answer

This statement is true. Britain's system of labor relations is known for having a strong tradition of collective bargaining and negotiation between employers and employees. However, this can lead to fluctuations in employment and wages depending on the economic climate and the bargaining power of each side. In times of economic growth, employers may hold more bargaining power and be able to negotiate favorable conditions, while in times of economic downturn, employees may have more leverage to demand better wages and benefits.

Britain's System of Labor Relations Is Particularly Susceptible to Swings