{"id":9328,"date":"2023-01-20T10:43:29","date_gmt":"2023-01-20T09:43:29","guid":{"rendered":"https:\/\/uniglobalunion.org\/?post_type=news&p=9328"},"modified":"2023-01-20T13:25:19","modified_gmt":"2023-01-20T12:25:19","slug":"uni-wef","status":"publish","type":"news","link":"https:\/\/uniglobalunion.org\/news\/uni-wef\/","title":{"rendered":"UNI in Davos: Worker empowerment is necessary to fix a fractured world"},"content":{"rendered":"

UNI Global Union General Secretary Christy Hoffman carried an urgent message to the World Economic Forum meeting in Davos this year: Unions are vital to fixing a fragmented world.<\/p>\r\n

As the WEF kicked off its annual week-long gathering on 16 January, Oxfam International released a report, Survival of the Richest<\/a><\/u><\/em>,<\/u> underscoring Hoffman\u2019s point. The global anti-poverty organization found that the richest 1 per cent captured nearly two-thirds of all new wealth created since 2020\u2014almost twice as much money as the bottom 99 per cent of the world\u2019s population.<\/p>\r\n

\u201cUnions are an essential solution to rising inequality\u2014the underlying cause of fragmentation\u2014and the business elite cannot fix a fractured world while suppressing workers\u2019 voices and denying them a seat at the table,\u201d Hoffman said. \u201cThis year at Davos there were more\u2014and welcomed\u2014voices which recognized the critical role of collective bargaining, including the German labour minister along with the U.S. labour secretary, Martin Walsh. Let’s hope that businesses heard their messages.\u201d\u00a0<\/p>\r\n

During the panel \u201cLiving Wage for All<\/a>,\u201d Hoffman discussed how the sustained, decades-long attack on collective bargaining has further heightened this imbalance in wealth and power. But workers globally are launching an unprecedented fight back.\u00a0 Similarly, in the panel on the four-day workweek<\/a>, Hoffman stressed the importance of bargaining with unions to decide what form of scheduling works best.\u00a0 \u201cThere is no \u201cone size fits all\u201d solution.\u201d\u00a0<\/p>\r\n

\u201cEnthusiasm for collective action and labour unions is the highest it\u2019s been in my lifetime. Working people the world over have faced a deadly virus at their jobs and their families are weathering a generational cost-of-living crisis. Their response has been to rightly demand their fair share,\u201d she said.<\/p>\r\n

Contrary to these demands, central banks are responding to rising prices by hiking interest rates, which threaten to throw economies into recessions and millions of workers out of jobs. For example, the president of European Central Bank promised the Davos crowd to \u201cstay the course\u201d<\/a> on high rates.<\/p>\r\n

\u201cFor many workers, the effects of interest rate hikes will be no pay check instead of a pay check that buys less than it used to. Risking a recession to fight inflation, which is likely temporary, is a cure worse than the disease,\u201d says Hoffman. \u201cGovernments around the world should use their regulatory powers to stop corporate profiteering and price gouging, and they should support collective bargaining over wages.\u201d<\/p>\r\n

However, if a recession hits, Hoffman says<\/a>:<\/p>\r\n

\r\n

Recessionary forces will not extinguish this desire for dignity and economic justice. In fact, it will push workers to demand more protections.<\/em><\/p>\r\n

\u00a0<\/em>This means that trade unions have to redouble our efforts to meet workers\u2019 expectations. It means we have to support organizing and expand collective bargaining. We need to show international solidarity with striking workers. We need to amplify the calls to stop corporate profiteering that is pumping up inflation. We have to get investors to honour their responsibilities to protect fundamental human rights like freedom of association and the right to collective bargaining. We must push for legislation that holds corporations accountable to workers throughout their supply chains.<\/em><\/p>\r\n<\/blockquote>","protected":false},"excerpt":{"rendered":"

UNI Global Union General Secretary Christy Hoffman carried an urgent message to the World Economic Forum meeting in Davos this year: Unions are vital to fixing a fragmented world. As the WEF kicked off its annual week-long gathering on 16 January, Oxfam International released a report, Survival of the Richest, underscoring Hoffman\u2019s point. The global<\/p>\n","protected":false},"author":12,"featured_media":9331,"template":"","categories":[41],"global-issues":[33],"sectors":[],"cross-sector-groups":[],"workers-rights":[],"regions":[],"topics":[],"class_list":["post-9328","news","type-news","status-publish","has-post-thumbnail","hentry","category-news","global-issues-business-and-human-rights"],"acf":[],"yoast_head":"\nUNI in Davos: Worker empowerment is necessary to fix a fractured world<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniglobalunion.org\/news\/uni-wef\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNI in Davos: Worker empowerment is necessary to fix a fractured world\" \/>\n<meta property=\"og:description\" content=\"UNI Global Union General Secretary Christy Hoffman carried an urgent message to the World Economic Forum meeting in Davos this year: Unions are vital to fixing a fragmented world. 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