Tag Archives: wages

“Europe Does Not Understand Deflation And Wages” by Ronald Janssen

“Europe Does Not Understand Deflation And Wages” by Ronald Janssen http://feedproxy.google.com/~r/social-europe/wmyH/~3/BGquelWVEzo/

Advertisements
Link

Wage development infographic

Wage development infographic

This is interesting. So much for ‘wages getting out of hand.’

Link

Trade Union Responses To The Attack Of The EU Against Wages

Trade Union Responses To The Attack Of The EU Against Wages

Dufresne:

Wages, and thus trade unions, are being violently attacked by European authorities. Until now, wages have remained an exclusively national issue as a negotiated right at the very core of the trade unions’ identity. It had been excluded from the EU’s competences since the Maastricht Treaty. Yet, for approximatly two years, with the implementation of the new ‘European economic governance’ (Pact for the Euro, Six-Pack,..), the economic actors of the EU have kidnapped wages. The ECB, DG ECFIN and the ECOFIN Council transformed it into a statistic figure of ‘Unit labour cost (ULC)’, measured as an indicator that should be contained in order to improve competitiveness. A threshold of wage increases should be respected to avoid a financial penalty. So, from a negotiated right at national level, wages have become a European market price!