The important role of collective bargaining to improve employee income and employment is highlighted in the OECD report on employment prospects for 2018 in the member countries of the Agency.
The Agency’s report estimates that the weakening of collective bargaining is a powerful factor in the inefficient and unequal recovery of labor markets.
Among other things, the report notes that collective bargaining schemes that coordinate wages in all sectors tend to be associated with lower wage inequality and better employment outcomes, including vulnerable groups.
In a statement, the Ministry of Labor stressed that the OECD’s statement confirms the importance of restoring the basic principles of collective bargaining, which, together with the increase in the minimum wage, will improve the income and rights of workers.