ETUC analysis challenges Commission view on wages

Europe Europe
On 29 April the ETUC submitted a document to European employment ministers who gathered in Athens for the Employment and Social Policy Council (EPSCO). The report analysed trends in wages, challenging the arguments from the European Commission and European Central Bank that so-called excessive wage increases had contributed to imbalances in the European economy. The ETUC's figures indicate, on the contrary, that over significant periods wages have not kept up with productivity growth. A further briefing, published by EPSU, also shows how wage growth has been outpace by increasing profits - an issue on which the European institutions are silent.
Read more at > EPSU

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