Jobs, Shared Prosperity

The rise of corporate power and the decline in workers’ rights, wages and secure work are directly correlated. Governments are captured by corporations who dictate policy and regulation on nearly every aspect of our lives.

Labour is not a commodity: this principle is at the very heart of the ILO Constitution. Yet the global web of supply chains operates on this basis. Corporate power, profit and exploitation of labour and natural resources increasingly depend on this impoverished model of trade – global supply chains, a global trade which keeps millions of workers in poverty and precarious work.

More than 60 per cent of global trade is dependent on contracts in supply chains sourced from different parts of the world.

It is the real economy where working people are exploited through supply chains that are based on denial of human and labour rights, poverty wages and insecure or precarious work. It is a model that ruthlessly exploits the labour of women and migrants.

Under the umbrella of the logo ‘End Corporate Greed’, unions are organising for minimum living wages and collective bargaining, more secure and safe employment relationships, formalising informal work in supply chains, purging supply chains of slavery and universal social protection.

Jobs, Shared Prosperity

Despite unprecedented economic growth over the last decades, wages have stagnated globally and have not kept pace compared to rising productivity, nor unprecedented economic growth. Millions of workers across the world are not earning enough to live in dignity. Wage inequality is also increasing, with the highest-wage earners enjoying a wage rise multiple times faster than the average. The share of labour income in GDP is declining, and profits are not being shared with workers through pay rises.

Unions are campaigning in Africa, Asia, Europe and Latin America to demand fair and decent wages. They are calling on their governments to set minimum living wages, based on evidence on the cost of living and with the full involvement of social partners.

Unions are also campaigning to fix taxation systems that are allowing corporations to avoid their responsibilities to the society and public services we all depend on. Unions are moreover demanding that adequate, comprehensive social protection systems be put in place in order to guarantee income security for workers and their families as part of a comprehensive strategy of reducing inequality and promoting adequate living standards for all.