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Wages linked to performance lead to increased inequality

Wage inequality is on the rise, pushed by technological change, globalisation and trade, and institutional deregulation. It is a problem of fairness. But inequality itself also has negative effects on the economy as a whole. Increasingly, this inequality can be traced back to companies and pay setting. Companies increasingly differ in their productivity and revenue. […]

The question that haunts President Joe Biden: can the US deliver on climate?

President Biden has placed climate change at the centre of US domestic and foreign policy. Yet the wide partisan divide on the issue in the United States threatens to hinder the efforts of his administration to increase global climate ambitions. The Earth Day Summit will provide an important opportunity for the United States to demonstrate […]

Minimum tax: a great deal for the rich

Last week, the G7 announced to support a 15 per cent minimum global corporate tax rate in order to eliminate profit shifting into the low tax countries. The agreed tax rate represents a big compromise as it is far from the rates suggested by the US (21 per cent) and the OECD (19 per cent). […]

A new internationalism on the terms of labour

If progressive European political parties are to achieve both relevance and electoral success, a paradigm shift is required: away from Social Democracy’s attachment to financialised globalisation. If they aim to defeat nationalism, and to end the cycle of debt inflations and deflations on one side and trade wars on the other, it is not only […]

Sophisticated tools – weak principles

With its ‘New Pact on Migration and Asylum’, the European Commission has taken on one of the most divisive and controversial issues within the bloc. And one that puts its own human rights record most prominently on the spot. The outcome are elaborate proposals, heavy on procedure but weak on moral principles and values, and […]

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