(March 2017) The ETUC is calling for a pay rise for workers across Europe and in the latest initiative in its campaign reveals that wages are lower now than they were eight years ago in seven EU member states while in 18 EU countries wages have grown much slower over the seven years after the crisis than in the eight years before that.In the 7 years 2009-2016 real wages (adjusted for inflation) have fallen every year by an average of 3.1 % in Greece; 1 % in Croatia; 0.9 % in Hungary; 0.7 % in Portugal; 0.6 % in Cyprus; 0.4 % in UK, and 0.3 % in Italy.
ETUC pay campaign highlights fall in wages
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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
Union federation highlights fall in real wages
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Public sector pay increase highlighted in ETUC pay rise campaign
(June 2017) Public sector workers get a 6% pay rise this year and the same again next year, if the current economic climate is maintained. This agreement was promoted by the KOZ confederation and picked up by the ETUC Pay Rise campaign which also reported on the push for a higher minimum wage in the country.