The Existing Monopolistic Powers of Labour Organisation in the UK*


In the preceding chapter we gave reasons for the view that wage-fixing institutions of one kind or another are a necessary and desirable feature in our economy. This function is in general at present performed by collective bargaining between employers and trade unions, a function which cannot be performed without the possession and exercise of monopolistic powers by the organised groups of workers. But, as was argued in the preceding chapter, these powers must in each instance be used with restraint in the interests of the rest of the community. Accordingly, in the present chapter we will give an account of the existing monopolistic bargaining powers of labour organisations; ...

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