Posts under ‘Earnings’

A trade union agenda for Labour

by John McDonnell.

It’s no mystery why all the economic indicators point to the economy emerging from the recession and yet wages are continuing to fall behind inflation. The post-recession economy that is being created is based upon reinforcing the distribution of power between capital and labour that has been imposed upon our society since the 1980s. Thatcher’s […]

Unions have united for Labour victory. The party must respond to union concerns

by Billy Hayes.

All the signs are that Labour can form a majority government in 2015. Lord Ashcroft’s larger opinion polls all indicate that the Tories and Lib Dems are going to lose a lot of seats to Labour. David Cameron seems to agree. This realisation forced him into a large Cabinet reshuffle in an attempt to find […]

The next Labour government must address casualisation

by Andy Newman.

Mark Carney’s speech to the TUC Congress yesterday was interesting, and it was right for the unions to invite him. As major civil society institutions with mass membership, the trade unions can and should seek to influence the parameters of democratic debate unmediated by political parties, alongside of course the different strategies for engagement through […]

TUC: Chuka Umunna’s pro-worker, pro-business agenda means business as usual

by John Millington.

Have you heard the news? Workers and bosses have the same interests. That’s right. The biggest and most significant social divide in capitalist Britain today, the key battleground between those who produce the wealth and those who own it is apparently no longer an issue. According Labour leading light Chuka Umunna, Labour’s shadow business secretary, […]

Britain needs good jobs and a pay rise

by Dave Watson.

Britain needs a pay rise, not just to bring relief to hard-pressed workers, but also to drive a sustainable economic recovery. That’s the message from the latest research and is particularly relevant to our members in Scottish local government, who are being balloted on industrial action over pay from next week. Their pay is the lowest, even […]

FTSE-100 CEOs now on average paid 143 times more than their staff

by Michael Meacher.

The inequality between business leaders and their workforce has now reached an all-time high. According to the pay consultancy Manifest/MM&K, the typical FTSE-100 chief executive is now paid £4.7 million a year (over £90,000 a week), whilst the typical FTSE-100 employee gets 143 times less. This is the average position, which means there is a […]

Austerity: trade unions agree coordinated strike action on 14 Oct against pay freeze

by John Millington.

Three of Britain’s biggest unions  have agreed to escalate their dispute over pay with a coordinated strike in October, days before a massive demonstration against cuts. The three unions –  GMB, UNISON and Unite, have agreed that their members will run a coordinated strike of their local government and school members in England, Wales and Northern Ireland on […]

Why most people are getting poorer

by Michael Burke.

Most people in Britain are getting poorer. For obvious reasons, the government and supporters of austerity would prefer not to discuss this fact. Yet in the strained language of the Labour right, there has also been a clamour for Ed Miliband to ‘change the narrative’ on the economy by no longer talking about the cost […]

The economic contradictions of Mr Miliband

by Ann Pettifor and Jeremy Smith.

There is much to welcome in Ed Miliband’s address last Saturday to the Labour Party’s national policy forum. For example, his argument that Britain suffers from a low-pay economy. While the number of those in employment has grown, real pay has fallen dramatically over the lifetime of the present government. At PRIME, we calculated the fall in real […]

What’s wrong with striking for £1 an hour when richest 1,000 double wealth by £20bn?

by Michael Meacher.

No-one wants to strike, least of all the strikers who lose wages they can ill afford, but what do you do when public sector workers’ pay has been cut in real terms by 8% in the last 6 years and the employers flatly refuse to offer a very modest pay rise to at least try […]

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