Whilst strike action demanding higher wages has become more frequent over the past few months all political bodies including the Prime Minister David Cameron are now calling for businesses to raise incomes in a country currently enjoying a robust economic recovery but where salaries after plummeting during the recession remain low. Even if the Prime Minister’s announcement about salaries being too low was aimed at seducing the electorate it is nonetheless a recurring issue that smacks of being the economy’s Achilles heel.
David Cameron the Conservative party leader, currently in Washington on his May general election bandwagon, announced that company savings thanks to the slump in oil prices should be passed through in salary rises. “Obviously I want to see that companies’ success is passed through in terms of people seeing wage increases, stated the Prime Minister (…) I also support (…) the companies and organizations that can afford to pay the living wage,” (for more on the living wage c.f. article No. 8695).
Labor criticizes unstable work environment. Labour roundly mocked Cameron’s announcement. Ed Miliband, Labour party leader haspromised to raise the national minimum wage to 8 GBP an hour (10.41€) compared with 6.5 GBP (8.46€) currently.
Do you have information to share with us?