Statement on Austerity

“But there is an alternative to this failed economic model. Firstly, we need to address the chronic imbalance between capital and labour. Living wage week, which starts on Monday, should provide a stark reminder that in low-pay Britain one in five workers earns less than the living wage. We need a concerted effort to raise workers’ wages, from encouraging employers to pay the living wage to introducing new wage councils. And of course we need more of the most effective way of all to boost pay – collective bargaining.” (Frances O Grady November 4th, 2013)