Friday, 27 April 2012

UK Living Wage

The Living Wage Campaign calls for every worker in the country to earn enough to provide their family with the essentials of life.

The Living Wage is an hourly rate, set independently, every year. It is calculated according to cost of living and gives the minimum pay rate required for a worker to provide their family with the essentials of life.

In London the current rate is £8.30 per hour.
Outside of London the current rate is £7.20.

Paying the Living Wage is good for business, good for the individual and good for society.

Thinktank the Resolution Foundation has looked at workers up and down the country earning less than a "living wage". It found that more than one in five employees falls into this group, echoing recent work by the TUC, which uncovered what it called a "livelihood crisis" among the growing swathe of the workforce stuck in low-paid jobs.

Using official earnings figures, Resolution finds that in some parts of the country, almost a quarter of the workforce are taking home less than this.

Nicola Smith, head of economics and social affairs development at the TUC, says structural changes, such as the decline of the manufacturing sector, have hollowed out the skilled-jobs sector that once made up a large proportion of the workforce, resulting in a polarisation between high-paying "knowledge economy" jobs, monopolised by graduates, and a "long tail" of lower-skilled workers struggling to get by.

Cuts in public sector jobs, the use of bonus pay instead of consolidated basic pay will increase this trend.

We all deserve a fair days pay for a fair days work. 

The proposals by the coalition on regional pay will only increase the divide in the way people are paid.

The on-going austerity measures are not working as the UK's economy is back in recession.

Creating jobs and ensuring a UK living wage will boost the economy and cut the deficit. Cutting  public services and jobs only damages the economy further.

There is an alternative:


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