CEP Public Events
Hosted with the Economy 2030 Inquiry, the Resolution Foundation and the Nuffield Foundation
What do shifts in firm and worker power mean for wages?
Power, pay and profits
Stephen Machin (LSE and CEP), Torsten Bell (Resolution Foundation), Hannah Slaughter (Resolution Foundation), Antonia Bance (Trades Union Congress)
Thursday 07 July 2022 09:30 - 10:45
This event is both online and in personOff Campus
Firms create value – at least the successful ones do. But who benefits, the firm’s owners or workers, and by how much, is often up for grabs. That’s why power in our labour market matters. It doesn’t just affect the level of wages, but the inequality of those wages too. The power of workers – via unions or a tight labour market – or of employers – via being a town’s only hospital – matters. And yet it hardly features in most British policy discussions, despite changing considerably over time, and returning to centre stage in policy debates elsewhere.
To what extent has worker power declined as trade union membership has shrunk, or have other sources of leverage taken their place? Has employer power shrunk or grown in recent decades? How much difference does firm or worker power make to wages? And what should policy makers do about this balance of power over the coming decade?
The Resolution Foundation hosted an in-person and interactive webinar – as part of The Economy 2030 Inquiry, funded by the Nuffield Foundation – to debate and answer these questions. Following a presentation of the key highlights from new joint RF / LSE research on changes in worker and employer power over time, we will hear from leading experts on what these findings tell us about the level and distribution of wages across Britain.
More information is available at resolutionfoundation.org.
Stephen Machin CEP, London School of Economics
Antonia Bance Head of Campaigns and Communications at the TUC
Hannah Slaughter Senior Economist at the Resolution Foundation
Torsten Bell (Chair) Chief Executive of the Resolution Foundation
Participants are are expected to adhere to the CEP Events Code of Conduct.
This event will take place Off Campus.