European Commission view of wages challenged


Labour market researchers have criticised the European Commission's narrow focus on competitiveness when analysing wage developments. Guy van Gyes from Leuven University in Belgium and Thorsten Schulten from the WSI trade union research institute in Germany argue that the Commission tends to ignore the structure of the real economy, the non-price factors and the loose relationship between wages and exports. They say that wage developments have the potential to counter deflationary price trends, stabilise and increase private demand, counter income inequality and push for inclusive productivity growth. The debate between the researchers and the Commission was organised by the ETUI at the beginning of January.
Read more at > ETUI (EN)

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