Getting money back into people’s pockets is essential to securing a strong recovery.
We also need to avoid another debt fuelled spending boom of the sort that caused the recent financial crisis – sustainable economic growth depends on fairer pay for ordinary workers and smaller bonuses for the super rich. That’s why the TUC is campaigning for action that will start to move our economy back in the right direction.
- A properly enforced minimum wage:
While the national minimum wage safeguards from extreme low pay it’s no use if not properly enforced. We need the Government to publicly name and shame those companies who aren’t paying up. HMRC also need more resources to help them to identify more minimum wage cheats.
- Higher wages from employers who can afford to pay:
We know that in many low paid sectors employers could afford to pay more without making job losses. That’s why we need new ways for unions and employers to work together to set higher wages, so that workers and businesses both get a fair deal.
- Increased commitment to the living wage:
Companies that can well afford to pay the living wage are not doing so and contractors are winning lucrative public sector contracts are continuing to pay poverty wages. We need more local authorities to make sure that their own staff, and those in their supply chains, get at least the living wage.
- A crackdown on excessive executive pay:
Pay at the top continues to rocket, fuelling inequality and excessive financial risk taking. We need real action to get top pay under control starting with worker representation on pay committees and far more transparency about how much the super rich are being paid.
If you support our aims, join us in London on 18 October to make a noise for fairer pay and a fairer economic recovery.