英文摘要 |
According to conventional wisdom in Taiwan, Thatcher's supply-side economic policy and anti-labor union measures renovated the declining British economy. This paper questions the wisdom and examines the impacts Thatcher's policies on seven areas: wages, union membership, labor dispute, adoption of human resource management, privatization and unemployment. Thatcher's measures did reduce labor cost. However, labor union is not the sole source of the British disease. Labor cost is only one factor, among many others, for the competitiveness of British goods. Furthermore, under globalization, it is also quite doubtful that profit of British transnational can trickle down to the British masses. |