3 Feb 2022, 16:28

Experts raise concerns over Stop Corporate Imperialism Act
Experts have raised concerns over the Stop Corporate Imperialism Act. The act introduced supposedly to stop Corporations exploiting nations has been criticised by experts for endorsing a poverty wage and exploitative model of paying lower prices and wages. The act would ban companies from paying twice the average wage in a sector which could mean many firms paying ethical wages would end up being forced to make the choice of paying poverty wages and prices to suppliers and employees in lower income countries with loose labour laws or to not operate there essentially cutting off well paying markets from companies in those countries as well as well paying jobs in foreign owned factories in those countries. The proposed act has been criticised by the Fair Trade Council , Fair Wage Europe as well supplier guilds and workers unions. Many of these currently work with many companies from around Europe and the Duchies to set basic minimum profitable prices and minimum livable wages.

The move would create problems for companies who decide to pay Living Wages or offer profit sharing schemes and bonuses on top of the wages.

Such a move would great reduce workers benefits and increase inequality according to expert from Fair Wage Europe Director Tristan Heitmeyer. He said in a statement " This would essentially outlaw any attempt to establish minimum profitable pricing and living wage schemes as it would outlaw working with Unions and Suppliers to establish these in the supplier and employment contracts by banning distributors from speaking to organisations like us. We have grave concerns this could lead to poverty wage work becoming more common while a small set of elites profit off the new low wage misery. To call treating workers like human beings and paying fair and equitable prices for goods and wages imperialist is extremely wrong. It is the opposite in that it is making sure one is not exploiting market conditions to make a profit at the expense of worker welfare or smaller suppliers profits. In fact without such schemes suppliers will be vulnerable to market fluctuations so not only is it unfair but it could seriously damage the stability of European markets by having farmers go under during a bad time. This is no time to bring back fully laissez fair capitalism and exploitation of workers we have worked so hard as a continent to defeat."

Even free market advocates on the right have opposed the bill saying the bill is anti-free market. The head of the free market thinktank Open Business Duchies said " It should be up to companies to decide what they pay in wages and prices for their goods. If they can make a profitable business paying higher prices and wages and charging consumers more or offsetting this through internal efficiencies or by accepting a lower margin over time then they should be allowed to. There shouldn't be limits on how high businesses can pay, we don't believe in minimum here either as we believe the market is the best arbiter of wages but that is a point for another day, This act wouldn't increase the free market in fact it would actually harm it by reducing choice for workers and suppliers that could have potentially had higher paying jobs but can no longer get that because its illegal." The government have said they will do everything they can to oppose the act and it is expected the Duchian Deputy European Councillor will vote against the act.