Roopy, i know im looking at this from a different perspective to you, so i guess we have to take that into account.
A lack of Industrial Disputes under that policy?? Im not real sure, how about when all the businesses collapsed?? How about all the wharfie disuputes?? They were all major issues wern't they at the time? I only remember the system being changed in maybe the third of fourth accord, when the link between CPI and wages was removed. Increasing wages is all relative. It doesnt necessarily make people happy, if there wages go up by 10% and inflation goes up by 10%, then they dont exactly gain anything. I though this would cause more angst than happiness. Instead, under the 96 legislation, wage increaseswere more closely (not exactly, but more closely) linked to productivity increases. I think its a more efficient system, and has helped to remove the unions to some extent, which were the root of a lot of strikes. Its direct negotiation between workers and their employers. Sure, it hasn't spread across the whole nation yet, but for people who aren't familar/skeptical with it, i think its worth a read. To me it makes sense, but thats just me. Its a more logical progression, u increase your productivity, management takes notice, u negotiate, u get an increase. End result, it helps businesses and the individual who is working hard.
Moffo.