Posts under ‘Earnings’

What do Britain’s private sector firms contribute?

by Michael Burke.

The main factors that account for economic growth are increases in the workforce or in the amount of productive capital in the economy. A far smaller contribution is made by improvement in productivity as a result of innovation. Since mid-2009 the British economy has grown. But this is wholly accounted for by growth in the […]

Strip the private banks of the power of money creation

by Michael Burke.

The House of Commons held a very important debate this last week on the creation of money, a process which the Big 4 banks have monopolised and thus privatised the money supply.   The abuse of this power over the last 3 decades has been enormous, and I used this debate to propose an entirely […]

Workers of the world unite against the new generation of trade deals

by Adrian Weir.

David Cameron’s ringing endorsement at the G20 of the proposed EU-US trade deal, the Transatlantic Trade and Investment Partnership (TTIP), was perhaps predictable but also has opened up the topic of TTIP and its like to greater public awareness. Until Brisbane discussion of this new generation of multi-lateral trade agreements was very much a topic […]

The honeymoon is over for Italian PM Mateo Renzi

by Tom Gill.

Thousands took to the streets of Milan and other cities on Friday in the first of union-led protests that will culminate in a general strike next month. At issue is the government’s labour counter-reforms that will make it easier for firms to fire workers, adding to the growing ranks of the precariat in the Eurozone’s […]

The Labour market determines pay based on power not fairness

by Michael Meacher.

What is an employee worth? Whatever the market pays is the conventional answer. But the market is not based on merit or justice, it’s based on power relations. Those who have the power will exert it to get more and more, while those who have little or no power will get squeezed and pushed down […]

Labour’s crisis: It’s the sense of security, stupid

by Phil Burton-Cartledge.

At the start of the summer, prospective parliamentary candidates enjoyed a breakfast audience with His Royal Blairness. There was none of the “proper” post-prime ministerial coyness that our Tony normally pretends to. He was frank and open. Sort of. He was asked what he thought of Labour’s chances going into the next general election, to […]

Let’s be bolder on tackling poverty pay during Living Wage Week

by Dave Watson.

During Living Wage Week we should focus on ensuring that the 400,000 workers in Scotland on poverty pay are paid the living wage. The idea behind a living wage is very simple. A worker should be paid enough to live decently and to adequately provide for their family. It helps prevent in-work poverty and ensures workers are […]

EU set to ignore migrants plight

by Jeremy Corbyn.

Sometimes humanity is in short supply. News has eventually filtered out that in the past 10 months 3,300 people have died while trying to cross the Mediterranean to Malta or Italy. The news only emerged when the Italian government said it was downgrading Operation Mare Nostrum, its very effective sea rescue operation which has helped to […]

You can’t de-politicise the minimum wage

by Diane Abbott.

Julia Unwin’s article in Rupert Murdoch’s Times newspaper this week would be laughable if it was not also symptomatic of a wider problem. Julia is the Chief Executive of the Joseph Rowntree Foundation and the Joseph Rowntree Housing Trust and this week she took to the pages of the national newspaper to chide the leader […]

For Scotland’s sake, we must break from the Westminster establishment

by Michael Meacher.

The Westminster establishment, to which all the three main political parties are seen to sign up, is the most toxic brew in modern British politics. It has led to UKIP, which robbed the Tories of Clacton and likely Rochester, as well as almost certainly several Tory seats at the next election. And which came within […]

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