The numbers show that we have the worst political and trade union class in the OECD. Collapse of wages in 30 years.
We have the worst political and trade union class in the world of advanced economies and that have managed the long-awaited globalization in the worst possible way.
In the last thirty years, between 1990 and today, Italy is the only OECD country in which average gross annual wages fell, -2.9% in real terms compared to any other country. The 55th Censis Report on the country’s social situation shows this. The variation in the salaries of Italians pales if compared with that of Lithuania, where it rose by + 276.3%, the first country in the ranking.
But without wanting to bother South Korea with + 92.2%, Chile with + 67.6% or Sweden, + 63.0%, Italy is a disaster even compared to countries like Germany, + 33.7% and France with a + 31.1%. Out of 35 countries analyzed, that is, all those evaluated and screened, we are the only one who sees their wages decrease compared to 30 years ago. Japan, which is penultimate in the ranking, also grew in the salaries of the population with a + 4.4%.
You don’t need to have studied macroeconomics to understand that the wage of the workforce of a country is determined by the labor market, by the conditions prevailing in the market, by trade union bargaining and by the legislative conditions to favor some market dynamics over others.
For example, the lower the unemployment rate, the higher the wages, even in the absence of collective bargaining for workers. Workers always have a bargaining force that is proportionate to the nature of the work and which varies according to the type of activity prevalent in the country.
How can we fail to understand that replacing a worker in a fast-food restaurant is easier than replacing a craftsman, artificial intelligence worker or a specialized worker in general.
The context is also affected by the legislative conditions devised by the politicians and the bargaining advanced by the trade unions.
The Italian numbers show indisputably the inconsistency of the political and trade union class of the Belpaese.
Politics and trade unions ate the wealth accumulated in the 70s, 80s and 90s. Italians restless if they think about the future
Yet Italy’s GDP had grown overall by 45.2% in real terms in the decade of the 1970s, by 26.9% in the 1980s, by 17.3% in the 1990s. Then comes the gradual braking.
Italy grew by 3.2% in the 2000s and by 0.9% in the pre-pandemic decade, before plunging 8.9% in 2020.
The relationship of Italians with work remains problematic. In perception, 82.3% of the population thinks they deserve more in work and 65.2% in general in their life, 69.6% declares themselves very anxious thinking about the future, since it rises to 70.8 % among young people.
36.4% of Italians assess the crisis produced by the pandemic as a process that will increase precariousness, 42.3% of women think so. Only 27.8% of the population considers European resources and the NRP to be elements capable of guaranteeing employment and economic security for workers and families. A somewhat limiting figure, if we think of the emphasis assigned to the resources that will arrive from the EU in the form of debt. Unemployment rates remain high and there are large pockets of inactivity in a labor market that is not moving and that no one intends to reform since the assassination in 2002 of the labor lawyer Marco Biagi. For 30.2% of Italians, in first place among the factors that hinder the professional integration, there are too low wages. On the second, for 29.9% of Italians, there is the persistence of inadequate conditions to start their own business, starting from the weight of too many bureaucratic formalities, up to the tax burden that weighs on the business activity. According to the data collected and processed by Censis, from 2008 to 2020 independent work in Italy fell by 719,000 units, from almost 6 million employed to just over 5 million (-12.2%). This even if 40.0% of Italians define freelance as a prestigious activity that makes use of the skills acquired and the commitment dedicated to study.
China’s advent of the WTO and the acceleration of wild globalization
The entry of China into the WTO, wanted by the American government led by Bill Clinton, marks the beginning of the wildest globalization. The idea was to make China a market economy. But China hasn’t never accepted Western rules and remained a dictatorship that has seen its economy and per capita income explode in twenty years. And in the Communist-led country it is not possible for foreign entities to win public tenders.
The Chinese know they are not a market economy but they know that a competition where the opponent has his hands tied is convenient. It is enough to ingratiate oneself with the national politicians of the countries that matter in any way, an art in which the Chinese are masters. But not only in the political sector. For years, China has flooded Western newspapers with billions, as well as Western study centers and universities in a constant activity of colonization.
The study conducted by the Economic Policy Institute estimated that since 2001 Americans have lost 3.4 million jobs, 74% of which in the manufacturing sector. The same process happened in Europe and in Italy. In essence, much of what was previously produced in the West has migrated to Chinese factories, at lower costs with the transfer of wealth and jobs.
And so also in Italy, since before the pandemic, those few who still, by a miracle, manage to do business and produce something they struggle to find even a metalworker, a miller or a turner while the others who stay in Italy stay at home to buy the Chinese toaster on Alibaba with the money from the redundancy fund or with the citizenship income (and not Italian). In our “non-economic expansion” policy money always goes to China. Could it be for this reason that we are at the bottom of the OECD world table?
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