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Industrial Relations and Business Performance
Industrial relations and business performance

At the start of the twenty-first century, economic performance indicators seem to serve as society's ultimate scorecard. Much attention is paid to measures of the economy, wealth, and performance. Witness the prominence given to reports on the stock market in the media. Inevitably, it seems today that nations are judged by their economic output and firms by their revenues and profits. Only to a slightly lesser extent have people come to be evaluated in these ways. ‘In a capitalist society,’ as Alan Wolfe (1997: 566) has written, ‘we value work to the degree that we establish a value for work.’ That the value and cost to society of people (usually women) staying home to raise children ...

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