EU Sources - Oxfam paper on inequality - January 31, 2017

NGO Oxfam has produced a briefing paper on inequality and wage disparities. Wages in low-skill sectors in particular have been falling behind productivity in emerging economies and stagnating in many rich countries, while wages at the top continue to grow. One section of the paper is dedicated to the decline of workers’ collective bargaining power. It says that the changing structure of the jobs market and associated decline of collective bargaining makes things worse. Various factors have led to the decline in the proportion of workers who are members of unions. The IMF has found a relationship in advanced economies between this decline and the increasing share of incomes of the top 10%. In developed countries, the increase in self-employed workers in the ‘gig’ economy, where they are contracted for defined outputs rather than being employees, puts workers in more precarious financial positions.


The report: ...  

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