
Why improving living standards can stimulate growth
Growth is often seen as a vehicle for improving living standards, but the reverse is also true. Fairer taxation and better wages play their part.
The Trade Union Advisory Committee to the OECD is an international trade union organization that has consultative status with the Organisation for Economic Co-operation and Development (OECD). Its role is to ensure that global markets are balanced by an effective social dimension. Its affiliates consist of 56 national trade union centres in the 34 OECD industrialized countries that together represent some 61 million workers. It is a member of the Council of Global Unions in partnership with the International Trade Union Confederation (ITUC) and the Global Union Federations.
Growth is often seen as a vehicle for improving living standards, but the reverse is also true. Fairer taxation and better wages play their part.
With the right policies and processes, change can be successfully managed so that social strife can be avoided and more and better jobs can be created.
Data regulation should be updated to empower workers to access and use their data to further their careers – and not just enable data-hoarding corporations.