Trade unions and employers exchange on wage and price developments

Europe

EPSU was part of an ETUC delegation that met with employers and representatives of the European Council, Commission, Central Bank and Eurogroup in the biannual Macroeconomic Dialogue on 23 May. ETUC general secretary, Luca Visentini, pointed out that wage developments in the last quarter of 2021 had been the lowest for several years, that the wage share in the economy was declining and that there was no evidence that pay increases had pushed inflation higher. EPSU general secretary, Jan Willem Goudriaan, underlined the need for action to address low pay and precarious work in health and particularly social care. There was some concern on the part of the employers as to the threat of a wage-price spiral.

More like this