G20 Leaders: Re-write the rules of the global economy to end corporate greed
Every year more than 14,000 ships cross the Panama Canal. Carrying goods from Asia and Latin America to the USA, Europe and the rest of the world.
At every stage of this global supply chain multinational companies rely on a hidden workforce locked in low wage jobs with few rights.
The dominant global trade model of supply chains is a model of labour arbitrage, where companies outsource responsibility creating a hidden workforce of up to 94% of their workers.
The world is three times richer than it was three decades ago, yet the global economy allows workers to be treated as less than human.
Just think -
Less than 3 cents on a melon is the price of a minimum wage.
Less than 2 cents on a banana is the price of decent work conditions.
Corporate greed starts on farms in Latin America, travels across the oceans, and extends to the supermarkets in the USA and UK.
Governments have a mandate to act when 85 percent of people say it’s time to rewrite the rules of the global economy to promote growth and share prosperity.
Hilda, a melon worker in Hondruas should be guaranteed a minimum living wage and a social protection floor. She is entitled to human rights with freedom of association and other fundamental labour rights that are central to decent work.
In July G20 leaders will meet to shape their commitments for the global economy. Our demands are simple - , end corporate greed -, and the solutions are simple:
- Guarantee freedom of association.
- Ensure a minimum living wage.
- Put their people and those in the supply chains that make the massive profits for multinationals first with the funding for universal social protection.
- Start by mandating due diligence by every multinational to ensure responsibility for risk assessment, monitoring and grievance procedure regarding exploitation and denial of human rights for workers that produce, sell or service on the basis of those profits.