Flexible working may shift Nairu, ECB’s Mersch warns
Technology may increase insecurity and weaken collective bargaining, says senior ECB figure
Technology’s impact on the labour market may be reducing the impact of increased demand for labour on inflation, Yves Mersch said in Kuala Lumpur, Malaysia, on July 24.
Changes in communications technology had caused “a notable shift” in the relations between employers and employees, Mersch, a member of the European Central Bank’s (ECB) executive board, told an audience at Bank Negara Malaysia: “In the labour market the internet allows for more services being offered with less intermediation
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