Austrian labor unions gear up to fight the [highly profitable] companies (user search)
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  Austrian labor unions gear up to fight the [highly profitable] companies (search mode)
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Author Topic: Austrian labor unions gear up to fight the [highly profitable] companies  (Read 2443 times)
Peeperkorn
Jr. Member
***
Posts: 1,987
Uruguay


Political Matrix
E: 0.65, S: -6.78

« on: October 13, 2011, 04:55:27 AM »

It's not the moment for asking for a salary increase.
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Peeperkorn
Jr. Member
***
Posts: 1,987
Uruguay


Political Matrix
E: 0.65, S: -6.78

« Reply #1 on: October 13, 2011, 05:04:37 AM »
« Edited: October 13, 2011, 05:07:42 AM by Mynheer Peeperkorn »

It's not the moment for asking for a salary increase.

Well, we are not Greece.

Austria's economy is growing by 4% this year, so are the profits of the companies. The inflation is also at about 3.5%.

Therefore it is only normal that the steel workers (and others) get at least a 4.5% pay rise.

The employers representatives demand that wages should only rise by 3% this year is ridiculous because it would mean a net wage loss because of the inflation.

It's good that the unions are turning up the heat on the capitalists. It's good for the middle-class.

If salaries should be increased according to GDP (a thing that the forces of the market would correct  without any policies a year later), when you have a recession you decrease salaries? That's nonsense.

Also, you are not Greece, but you are an eurozone country. Things could change quite quickly.
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Peeperkorn
Jr. Member
***
Posts: 1,987
Uruguay


Political Matrix
E: 0.65, S: -6.78

« Reply #2 on: October 13, 2011, 05:08:59 AM »

It's even more ridiculous in the light that the manager profits of the steel companies rose by between 5-10% annually over the last years. The salaries of the CEO's of the best companies even rose by 20% over the last years.

http://www.arbeiterkammer.at/online/managergehaelter-115-millionen-euro-55682.html

Well, that's a different problem. But don't mess Ethics with Economics.
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Peeperkorn
Jr. Member
***
Posts: 1,987
Uruguay


Political Matrix
E: 0.65, S: -6.78

« Reply #3 on: October 13, 2011, 04:45:56 PM »
« Edited: October 13, 2011, 05:21:49 PM by Mynheer Peeperkorn »



last strike in Austria

more than 50 years ago and it was successful then.


Protestant Ethic? But you are catholic...
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