ETUC highlights falling wage share and rising profits


In the latest stage in its Pay Rise campaign the ETUC has published a briefing that reveals the long-term decline in wages as a share of economic output. In 1976 almost 73% of national wealth was paid in wages to working people. Today the figures is nearly 10 percentage points less – with wages making up about 63% of national wealth. The ETUC argues that increases in productivity have not been equitably shared, resulting in the growing proportion of economic output going to profits. The briefing also includes charts showing that these increased profits are flowing to shareholders while investment has been falling.

More like this