Labour 20 presents its recommendations prior to the G20 Leaders’ Summit in St.Petersburg
The delegation of the Labour 20 led by Chair of the Federation of Independent Trade Unions (FNPR) of Russia Mikhail Shmakov, General Secretary of the International Trade Union Confederation (ITUC) Sharan Burrow, General Secretary of the OECD Trade Union Advisory Committee John Evans and Economic Policy Officer of the Australian Council of Trade Unions (ACTU) Matt Cowgill will present its recommendations at the G20 Leaders' Summit in St.Petersburg.
Leaders should take the opportunity at the Summit, building on the Labour and Finance Ministers' joint conclusions, to restore the public's trust in global economic policy coordination. The positive tone with respect to supporting aggregate demand, minimum wages and collective bargaining in the Ministers' Joint Communiqué should translate into a strong commitment and consecutive policy actions by the Leaders.
The Labour 20 will call on the G20 governments to live up to their commitments made in Los Cabos and to take action to support domestic demand by investing in education, innovation and infrastructure. Measures have to ensure at the same time a transition to a "green economy" and sustainable economic growth with quality jobs creation.
Labour 20 Key Policy Priorities include creating quality jobs, promoting inclusive growth and setting national employment targets; fostering youth inclusion in the labour market; raising sustainable aggregate demand; promoting long-term investment in infrastructure and the green economy; stamping out tax evasion and profit shifting and moving to fair and progressive taxation; driving effective regulation of the financial system and work to introduce a global Financial Transaction Tax (FTT); guaranteeing workers' rights and safe work in Global Value Chains.
The Labour 20 also explicitly asks for a holistic G20 Jobs Action Plan that would set national employment targets; raise sustainable aggregate demand; increase public and private investment; mobilise private and public resources with tax measures and an FTT; reduce income inequality through strengthened collective bargaining, robust minimum wages and social protection floor.
The full list of Labour 20 Priority Recommendations is available here