Monday, 18 March 2013

Britain needs a pay rise!

British workers have faced incredible suffering for some time now. One of the main issues behind the current struggles of working people in Britain is the fact we have a low wage economy with British workers pay often not covering their weekly out goings and more often than not leaving them down on the week. Quite often workers are having to take tax credits to top up their pay and therefore costing the welfare state pounds in benefits. If a living wage was properly paid to all workers there could be put money in workers pockets to go and spend in the wider economy. Just a thought ay? The real value of wages in the UK has fallen by 7% since 2008, more than £50billion a year. This means people have less money to spend, holding back growth and a potential economic recovery. PCS members are striking on budget day after five years of a pay freeze and the current 1% pay rise. There has been a real terms cut in the total value of Britain’s wages by £50 billion since 2007 and there needs to be immediate stimulus and improvement In terms and conditions for workers to put this money back in and restart the economy. Without drastic action there is now a very real prospect of a triple-dip-recession with many forecasters predicting a prolonged negative Outlook for our economy. Since the start of the economic downturn in 2007 the real value of wages has fallen by about 7%. This in part is because of the Depression of wages in the public sector. It has been proven time and again that putting money into people’s pockets is the most effective way to stimulate Local economies around the country and putting the lost £50bn back into the economy are the best way to foster growth. I support the PCS members throughout the country, who are engaging in a programme of industrial action starting on Budget Day to demand that the Tories take action On low pay and our faltering economy. I support them in their struggle as do the MPs who have signed EDM 1081. This post may sound quite reformist and you may ask why am I not demanding the end of the wage system and a end to capitalism well we are not at that point yet and even revolutionary socialists will fight for every possible reform capitalism can give working people and will fight tooth and nail for this. We must also point out the limited nature of reforms and concessions in that they are only temporary under this system of capitalism and ultimately we do need to change society on to democratic socialist lines. An immediate pay increase will help many workers in the short term though and it shouldn’t be something we oppose if it’s fought for and struggled for. Besides every gain breeds confidence into workers that they can struggle and gain victories. There is no reason why other unions other than the PCS could co ordinate strike action around the question of pay and the ongoing pay freeze into wider industrial action. The money is out there while we sit here over 750 billion sits idle in the vaults of big business and banks. A 50% levee on that would instantly free up cash for a wage increase and other public services we so desperately need in this country.

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