Trade union confederation LO has presented its annual report on income inequalities in the country. The results show that the income difference between an ordinary employee and those on the top is the largest ever. In 2017, the directors of 50 large companies in the country had an average income that equals to the sum of just over 59 industrial workers' wages. In many cases the annual income for the CEOs of large companies is much far higher than what a worker earns for a lifetime. LO is worried about this development and proposes several measures to be taken. Amongst other things the trade federation is pleading for the implementation of provisions that the CEO's annual rate of wage increase shall not be higher than the rate of wage increase for other employees in the company and for a harder taxation of capital.
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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI