TUC Touchstone: Want to reduce inequality? New IMF research says unionisation is key

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From the TUCWant to reduce inequality? New IMF research says unionisation is key

22 Jul 2015, by in Economics

Through gritted teeth, the International Monetary Fund (IMF) has this week issued a ‘staff discussion note’ which contains a bit of a bombshell. The ballooning inequality that results from rampaging top people’s pay is not, as previously thought, an unfortunate by-product of technological process or increasing world trade. At least forty percent of the increase in bosses’ pay is down to the decline in union influence. And a further increase in inequality results from reductions in the level of minimum wages. Who could have guessed it?

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