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Article

17 Apr 2013

Author:
Intl. Trade Union Confederation (ITUC)

IMF labour market prescriptions condemn workers to worse jobs and more inequality

The ITUC Frontlines 2013 report, “ Ideology without economic evidence: IMF attacks on collective bargaining” is released on the eve of the IMF Spring meetings as extreme levels of unemployment and rising inequality continue to dominate the global economy. Sharan Burrow, ITUC General Secretary said the new report provides empirical evidence demonstrating there is no sound economic case for attacking workers’ rights...“Wealth distribution tools such as collective bargaining are being stripped away. While the evidence shows countries with strong unions, high collective bargaining coverage and synchronised collective bargaining systems have distinct economic advantages..."...The ITUC report concludes that sustainable growth, decent jobs for all, economic efficiency and greater equity are common ambitions which require comprehensive collective bargaining systems and strong labour market institutions in all countries.