Wages still falling despite record low unemployment rates

August 16th 2017

Scottish Trades Union Congress (STUC) General Secretary Grahame Smith says:

“With unemployment at record lows, you would expect wages to rise as workers grain greater bargaining power in the labour market. This clearly is not the case as real average weekly earnings have fallen across the UK by 0.5% in the 3 months to June 2017. Serious questions about the health of our labour market continue, which underlines the economic illiteracy of Government policies that hold down pay in the current economic context.

“The STUC has consistently maintained that we require a greater focus from Government on improving the quality of work whilst stimulating the economy. We need an immediate end to the public sector pay cap and a significant increase in real wages across the economy. The Scottish Government must use its tax and borrowing powers to invest in our public services and economic infrastructure. We desperately need a genuine industrial strategy that recognises the role of unions, building on the fair work framework to drive workplace innovation and the creation of productive, resilient and successful industries”

ENDS

For further information contact Helen Martin 0141 337 8100 hmartin@stuc.org.uk

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