Policy:
Although the paper is in part about trade union influence, the argument of wage-driven versus profit-driven economies makes a lot of sense  -  in mostly urban and largely industrialized societies.
Is it even more true in small urban and rural economies (without supermarket chains) and without unions?
And what, if GDP is not used as the main economic growth indicator but health, food security, education, well-being?

Can or must policy replace or simulate trade unions in less organized societies?

Just some thoughts accompanying an interesting perspective presented with concrete data.

Rainer

From: Alice Martin (NEF) [mailto:[log in to unmask]]
Sent: 14 September 2015 18:27
To: Krell, Rainer (NRC)
Subject: Stronger unions = a stronger economy

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MPs have been debating the Government's Trade Union bill in parliament today. The bill proposes restrictive rules on trade unions’ right to strike in Britain.

For years, successive governments have moved to restrict the power of unions, suggesting that protest and industrial action is harmful to the economy.

But in our new report, published today in partnership with the University of Greenwich, we reveal the huge economic boosts that come with stronger trade unions.<http://www.neweconomics.org/page/m/2edb506e/7ebe632c/6e02fab9/5d4e3a5/4269912053/VEsH/>

Our analysis shows it is wages, not profits, that keep the motor of the UK economy turning.

Higher wages equal greater spending and higher demand. Trade unions are a key force in ensuring that a fair deal of the nation’s income goes to workers.

We’ve done the calculations – how much would increasing trade union membership boost the economy? Read the report here to find out.<http://www.neweconomics.org/page/m/2edb506e/7ebe632c/6e02fab9/5d4e39e/4269912053/VEsE/>

Best wishes,

Alice Martin
Researcher, Economy and Finance, NEF

P.s Haven’t got time to read the report? Then listen to our latest podcast on trade unions and what they can do for our economy<http://www.neweconomics.org/page/m/2edb506e/7ebe632c/6e02fab9/5d4e396/4269912053/VEsF/>.






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