Posts Tagged 'low wages'

Can the financial crisis be a good thing for poorer workers?

by Vittorio Longhi

The word for “crisis” in Chinese has the extra connotation of “opportunity”, the International Labour Organisation (ILO) Global wage report researchers explain. With a fair degree of wilful optimism, the study suggests that the current economic and job crises might provide a good, probably unique, opportunity to develop a much more effective wage policy, which would contribute to an economy that’s actually sustainable, both in industrialised and developing countries.

The data shows that the crises have hit employment and wage levels harder in advanced economies, but these countries can rely on well established social protection systems. The question, beyond the statistics, is what the impact will be in developing countries, in terms of wealth redistribution, desirable work opportunities and social justice. continue

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US: Young workers, positive about unions, face economic squeeze

By James Parks, AFL-CIO

Two new reports show today’s young workers are being squeezed by high costs of living and low or stagnant wages and they want the government to do more to solve this nation’s economic mess. Continue reading ‘US: Young workers, positive about unions, face economic squeeze’


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