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The strong uptick in industrial action across many countries in recent months gives a good indication of the pressure many people are under to make ends meet these days. Inflation has pushed up the cost of vital goods including food and fuel, but in many countries, pay has just not kept pace with these increases.
In the U.K., public-sector pay is determined by the government based on the advice of pay review bodies – independent panels that advise on pay for certain public-sector industries. The wages of these workers (nurses, teachers and ambulance drivers, among others) have fallen behind private-sector pay levels, not to mention inflation. The University of Greenwich’s Sian Moore discusses claims the U.K. government is “hiding behind” these pay review bodies and looks at how stronger collective bargaining by unions could do more to help wages keep pace with inflation.
And speaking of strong unions, in the U.S., a tussle for control of the United Auto Workers union could boost declining blue-collar pay but might also affect car prices and the future of the U.S. auto market. Stephen J. Silvia, professor of international relations at the American University School of International Service and author of a book on the union, outlines what’s at stake in the election for UAW president, which is happening today.
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Sian Moore, University of Greenwich
Concerns about the credibility of pay review bodies could boost collective bargaining on worker pay.
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Economy
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Gregory Gadzinski, International University of Monaco
What will happen to the euro zone’s rising prices in 2023? Here’s an overview of the factors which might influence inflation’s acceleration or deceleration.
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Simon Chadwick, SKEMA Business School
The Gulf state has an insatiable appetite for sporting glory.
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Business
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Samuel Brunson, Loyola University Chicago
A scholar of the laws governing tax-exempt groups explains why trustees showed James O'Keefe the door and what the consequences might be if their concerns prove to be accurate.
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Personal finance
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Ama Samarasinghe, RMIT University
Getting good advice can pay for itself many times over. But how do you find it? And what questions should you ask before signing up with a financial adviser?
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Workers
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Aly Tandian, Université Gaston Berger
Hosting migrants isn’t only motivated by humanitarian reasons. In Germany immigration provides solutions to demographic and economic problems.
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