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WEEKLY NEWSLETTER
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Finland
Index
Finland's work force was the country's most valuable
economic
asset; managing it posed the greatest challenges to both
business
and government. Like most European countries, Finland
suffered
from unemployment, but employers reported difficulties in
finding
qualified workers. Although the country boasted a
consensual
approach to industrial relations, strikes often
interrupted
production. Likewise, Finland's workers enjoyed a high
standard
of living, but regular wage increases contributed to
domestic
inflation, worsened unemployment, and exacerbated
balance-of-
payments difficulties. Business often granted seemingly
excessive
wage increases, yet alienated workers through adamant
opposition
to increased democracy in the workplace. Government
policies
addressed labor problems with only limited success.
Data as of December 1988
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