How to implement an ‘optimal wage regime’ for the euro zone

Who should earn how much – and how to get there? Michel Husson argues that the growth of wages must be a stabilised share of macroeconomic productivity gains, it must be homogenous across economic sectors, and we must enable countries to keep up their price competitiveness. This can be reached by means of a European minimum wage system, a homogenisation of collective bargaining procedures and a convergence in the productivity of national economies effecting from an investment plan for catching-up countries.