ETUC highlights soaring dividend payouts as workers face higher school costs

Europe

Research by the European Trade Union Confederation has found that payouts to shareholders are rising up to 13 times faster than pay for working people. Taking two examples, dividend payments increased by 75% in Portugal and 66% in Denmark between April and June this year, while nominal compensation in those countries rose by only 6% and 5%. Across Europe, dividends increased by 10% – double the rate at which wages are rising. Meanwhile, the ETUC has also focused on the increase in educational costs for families as children return to school. The price of essential items like pens, pencils, paper, folders, erasers, sharpeners or scissors increased by 13% on average between January and May this year – double the increase in nominal compensation.

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