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Economy


Social Europe is an award-winning digital media publisher. We use the values of freedom, sustainability and equality as the foundation on which we examine society’s most pressing challenges. We are committed to publishing cutting-edge thinking and new ideas from the most thought-provoking people. This archive page brings together Social Europe articles on the economy.

Covid-19, women and the economy—it’s not all about care

Brigitte Young 12th July 2021

There has been a macroeconomic blindspot in feminist narratives of the pandemic which unwittingly limits the scope of critique.

Climate crisis offers way out of monetary orthodoxy

Adam Tooze 12th July 2021

The ECB’s strategy review, Adam Tooze writes, says more by its silences than its statements.

A future-fit recovery?

Elizabeth Dirth, Jonathan Barth, Jakob Hafele and 2 more 8th July 2021

EU member states’ National Recovery and Resilience Plans have been assessed against their capacity for transformative change—and found wanting.

Switzerland: defending workers’ rights

Paul Rechsteiner 7th July 2021

In the standoff between the federal government and the European Commission on wage protection, the former has right on its side.

Teleworking in the public sector

Georgios Nasios 6th July 2021

The pandemic has accelerated teleworking in the public sector—but with inadequate planning have come mixed results.

For workers, another year of living dangerously

Sharan Burrow 5th July 2021

Workers have stood on the frontline of the pandemic, but the ITUC Global Rights Index documents an anti-worker agenda.

Revised posted workers directive: throwing out the baby with the bathwater?

Ive Marx, Ninke Mussche and Dries Lens 29th June 2021

The EU needs to acknowledge the vital economic role of posting and differentiate the rules according to its different types.

When capital relinquishes ownership

Bo Rothstein 25th June 2021

As the ownership of firms becomes transferred to algorithmically-controlled index funds, why not put their human employees in charge instead?

The platform economy—time for more democracy at work

Maria Mexi 25th June 2021

The platform economy has intensified power imbalances between companies and their workers, which only collective voice can redress.

Strengthening social and labour rights for farmers and farm workers

Romain Schneider, Anette Kramme, Pedro Marques and 1 more 24th June 2021

The opportunity of CAP reform to cultivate fairer and more sustainable agriculture must not be wasted.

A ‘vision zero’ goal for accidents at work

Eva Nordmark, Peter Hummelgaard, Johan Danielsson and 3 more 24th June 2021

There are no acceptable levels of workplace fatalities—a focus on prevention is needed.

Trading on hope: why projections of the EU-Mercosur agreement are unreliable

Jeronim Capaldo and Özlem Ömer 18th June 2021

The EU-Mercosur agreement, on which negotiations ended a year ago, awaits signing and ratification. They should be in no rush.

Are social clauses really just hidden protectionism?

Damian Raess 18th June 2021

Social clauses in trade deals are sometimes represented as a premise for denial of market access to developing countries. The evidence suggests otherwise.

Inflation in the strongest recovery since 1945

Paul Sweeney 17th June 2021

Governments should ignore siren warnings that only hyperinflation can come from pandemic-induced investments.

Robots, jobs and the future of work

Enrique Fernández-Macías, David Klenert and José-Ignacio Antón 7th June 2021

Apocalyptic visions of robots stealing workers’ jobs are not only misguided but have diverted attention from more significant trends.

From California capitalism to Bidenomics

Laura Tyson and Lenny Mendonca 3rd June 2021

The Biden administration’s ambitious spending and investment programmes have already proven highly successful in the country’s most dynamic state.

Migration and innovation

Oliver Koppel and Enno Kohlisch 1st June 2021

The bad news for Germany’s sophisticated economy is innovation by indigenous Germans is declining. The good news is migrants are more than compensating.

It’s time to rewrite the macro­economic rulebook for the euro area

Peter Bofinger 31st May 2021

Peter Bofinger contends that the economic impact of the pandemic has rendered obsolete the old eurozone fiscal rules.

Tourism in Europe: a new model

Malin Ackholt, Kerstin Howald and Pilar Rato 25th May 2021

Rebuilding tourism is a priority but the sector must become more sustainable and resilient, with workers and quality jobs at the heart of recovery.

The marginal­isation of Africa

Branko Milanovic 24th May 2021

Branko Milanovic argues African countries are not powerless to influence the global economic debates that marginalise them.

Can Europe roll back the normalisation of precarious work for young people?

María José Carmona 20th May 2021

After the financial crash, the pandemic has rendered the labour market for young people across Europe even more precarious than before.

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Eurofound advertisement

Minimum wages in 2022: annual review

Nominal minimum wage rates rose significantly in 2022, compared with 2021. In 20 of the 21 European Union member states with statutory minimum wages, rates increased. When inflation is taken into account, however, the minimum wage increased in real terms in only six member states. If current inflation trends continue, minimum wages will barely grow at all in real terms in any country in 2022.


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Foundation for European Progressive Studies Advertisement

EU Care Atlas: a new interactive data map showing how care deficits affect the gender earnings gap in the EU

Browse through the EU Care Atlas, a new interactive data map to help uncover what the statistics are often hiding: how care deficits directly feed into the gender earnings gap.

While attention is often focused on the gender pay gap (13%), the EU Care Atlas brings to light the more worrisome and complex picture of women’s economic inequalities. The pay gap is just one of three main elements that explain the overall earnings gap, which is estimated at 36.7%. The EU Care Atlas illustrates the urgent need to look beyond the pay gap and understand the interplay between the overall earnings gap and care imbalances.


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Hans Böckler Stiftung Advertisement

Towards a new Minimum Wage Policy in Germany and Europe: WSI minimum wage report 2022

The past year has seen a much higher political profile for the issue of minimum wages, not only in Germany, which has seen fresh initiatives to tackle low pay, but also in those many other countries in Europe that have embarked on substantial and sustained increases in statutory minimum wages. One key benchmark in determining what should count as an adequate minimum wage is the threshold of 60 per cent of the median wage, a ratio that has also played a role in the European Commission's proposals for an EU-level policy on minimum wages. This year's WSI Minimum Wage Report highlights the feasibility of achieving minimum wages that meet this criterion, given the political will. And with an increase to 12 euro per hour planned for autumn 2022, Germany might now find itself promoted from laggard to minimum-wage trailblazer.


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