Economic policy
TUAC represents the voice of labour in the international economic policy debate. Through its engagement at the OECD, TUAC fights for economic policies that create full employment and that give working people a fair share of the wealth they create.
This is done through our engagement on fiscal and monetary policy at the Economic Policy Committee and its Working Party on Macroeconomic and Structural Policy Analysis.
This work is led by Filip Stefanovic and Adnan Habibija. For more information, please contact stefanovic@tuac.org and habibija@tuac.org.
G7 Labour and Employment Ministers commit to wage growth and collective bargaining
G7 Employment and Labour Ministers met in Kurashiki, Japan, on 22-23 April 2023 to negotiate and adopt the Declaration ‘Investing in Human Capital’. In a context of high geopolitical uncertainty, the cost-of-living crisis, and a global economic slowdown affecting millions of workers, it is ...
Recovery ? What Recovery ? TUAC Analysis of the OECD Interim Economic Report 13 April 2023
The OECD recently published its interim report on the economic outlook, expecting economic growth to gradually recover from the negative shocks suffered over the last year. A closer analysis of the interim report by TUAC reveals that, two years after the pandemic, OECD economies are still ...
Profit-price spirals are driving inflation and increasing inequality
The cost-of-living crisis is hitting workers hard. Wages are having a hard even impossible time in trying to catch up with inflation. Real wages are falling across all OECD countries. Hiding behind the cost-of-living crisis is a deeper story. It is the story of businesses using shocks in energy and ...
OECD irresponsible to recommend interest rates hikes
The cost-of-living crisis is hitting workers hard. Wages are having a hard even impossible time in trying to catch up with inflation. Real wages are falling across all OECD countries. Hiding behind the cost-of-living crisis is a deeper story. It is the story of businesses using shocks in energy and ...
The case for increasing minimum wages in OECD countries
A recent OECD publication (‘Minimum wages in times of rising inflation’, December 2022) discusses how minimum wages can help shield the most vulnerable, low-income households from high inflation. Alongside negotiations with and between social partners to protect the purchasing power of a large ...
Taming Inflation or Playing with Fire? TUAC’s response to the OECD Economic Outlook
The latest Economic Outlook, Confronting the Crisis, provides a comprehensive and layered picture of the main macroeconomic risks that world economies are facing. The report is objective in characterising the difficult balancing act that governments and central banks need to perform so to contain ...
Comments on the OECD report “The Public Sector Pay System in Israel” and its political use in Israel
On 21 June 2021, the OECD published a report on “The Public Sector Pay System in Israel”. Therein, the OECD assesses labour relations in the Israeli public sector and delivers fairly radical recommendations for reform, particularly in Chapter 3 on “Improving Labour Relations in Israel’s ...
TUAC’s position on the design of the OECD/G20 Inclusive Framework on BEPS, Pillar One
TUAC participated on 12 September to the OECD public consultations on the Progress report on Amount A of Pillar One of the BEPS Inclusive Framework. This chapter of the negotiation addresses the portion of the residual profits of large and highly profitable enterprises (i.e. Amount A), which can be ...
New OECD Interim Economic Outlook recommendations underestimate the risk of a global recession
OECD Interim Economic Outlook fails to grasp the risks of joint and unprecedented monetary and fiscal tightening The OECD released its Interim Economic Outlook, Paying the Price of War. It projects global growth to go down from 3% in 2022 to 2.2% in 2023, with economic activity in the US (0.5%) and ...
The OECD Employment Outlook calls for stronger collective bargaining to protect workers against the “cost-of-living” crisis
In brief This year’s OECD Employment Outlook calls strongly and explicitly on strengthening collective bargaining in order to improve working conditions and labour market performance at large. An analysis of labour market concentration leads the OECD to conclude that at least one in six workers ...
