Minimum wage and future pensions: what Tridico said

Minimum wage and future pensions what Tridico said

(Finance) – “Low wages correspond, with the contributory system, to low pensions. Setting a threshold below which wages cannot fall helps to increase the amount of future pensions of young people, as well as supporting the economy and fighting inequalities. If we intervene now, and not downstream, we also avoid a future wave of requests for citizenship pensions with an important outlay for public finances “. Thus the President Inps Pasquale Tridico to la Repubblica about the EU agreement on the minimum wage.

“The issue has at least become a priority on the political agenda. This is positive and therefore it can be a good opportunity. However, there is a risk that it will be lost, if only because the directive does not impose an obligation to introduce a legal minimum wage. However, it inserts explicit criteria that for Italy can translate into an increase in wages for many workers. This can be achieved either with the introduction of the legal minimum, or through the strengthening of bargaining, or a combination of the two: decide the policy “, explains Tridico.

Finally, he proposes: “I think that the spirit of the European directive would be well respected by strengthening collective bargaining but inserting a legislative factor consistent with Article 36 of the Constitution which speaks of decent remuneration and proportional to the work done. There are three steps in my proposal. : bargaining, a law on representation that states which are the representative unions so as to allow the erga omnes effectiveness of the contracts they have signed and an external monetary reference according to which the minimum wage cannot be less than nine gross euros per hour ” And “the reduction of the tax wedge is a just and acceptable measure, but not a substitute for the minimum or alternative wage”.

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