This is the last article you can read this month
You can read more article this month
You can read more articles this month
Sorry your limit is up for this month
Reset on:
Please help support the Morning Star by subscribing here
EUROPEAN shareholders have seen the value of their dividends rise seven time faster than workers’ wages, analysis by the European Trade Union Confederation has revealed.
The EU-funded union federation says its findings prove that profits, not wages, are driving inflation.
Its analysis highlighted figures from the Janus Henderson Global Dividend Index showing that dividends in the second quarter of 2022 were 28.7 per cent higher than in the same period in 2021, while expected wage increases between 2021 and 2022 were a mere 3.8 per cent across the EU.
The ETUC called for taxes on profits and more support for collective bargaining “as the best way for workers to earn a fair share.”
Deputy general secretary Esther Lynch said: “Workers are being told this isn’t the time for a pay rise while shareholders are popping the champagne corks to celebrate inflation-busting payouts.
“It’s a double insult, because corporations are failing to give workers a decent pay rise while devaluing their existing wages further by driving inflation.”
