EU social partners: ETUC launches pay campaign
On 20 February 2008, the European Trade Union Confederation (ETUC) launched a Europe-wide campaign for higher pay, calling for increased purchasing power and greater equality.
According to the ETUC, real wages in Europe are “on a downward spiral”, and the share of pay as a proportion of national income continues to fall, from around 60% of gross domestic product (GDP) in 1995 to 57% in 2007.
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