Labour considers plan to ensure low paid benefit from economic growth as part of legislation that would affect about 53% of people employed in UK
Companies will be forced to share their profits with employees under plans being considered by Ed Miliband’s Labour party. Any firm with more than 50 staff members would be obliged to set up a profit-sharing scheme, with workers being handed a cash sum based on their employers’ financial position.
Advocates for the policy within Labour argue that, while economic growth is benefiting the top 1% of earners, it no longer trickles down to the majority of the workforce.
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