Call to boost wage share in economy

Policy-makers should aim to raise the share of wages in the economy as a key part of efforts to escape from the global economic recession, says a new pamphlet from the Trades Union Congress. It says there is growing evidence that increased wage inequality helped to cause the global crash in the first place, as well as hindering recovery subsequently. It provides estimates of the impact of a range of ‘pre-distribution’ type measures from raising the wage floor to reducing unemployment.