EU sources -Inequality documented and analysed -June 22, 2015

The ratio of wages to productivity is going down while the ratio of CEO pay to worker pay has gone up.

Issue 7 of the Queries journal is dedicated to the growing inequality in our societies. The issue includes essays and columns of Joseph Stiglitz, Antonella Stirati, Gary Dymski, Richard Wilkinson and others.  Stiglitz signals that the ratio of wages to productivity is going down and the ratio of CEO pay to worker pay has gone up. The bargaining power of workers has declined as unions got weaker. Moreover, their bargaining power has been further weakened by the asymmetric rules governing globalisation. Corporate governance laws provide relatively little check on abuses of corporate power by CEOs. His recommendations that could help to reduce before tax and transfer inequality are: higher minimum wages, stronger unions, better education, better anti-trust and corporate governance laws and stronger law enforcement.  

English: http://www.queries-feps.eu …     

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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