United Kingdom -More large firms must commit to living wage -November 04, 2013

The trade union confederation TUC has welcomed the increase in the living wage rates but warns that too few large employers have committed to paying it. The living wage is a voluntary rate of pay designed to help low-paid workers to afford a basic standard of living. It is set in London by the Greater London Authority and for the rest of the UK by the Living Wage Foundation. The rate is £7.65 an hour, and £8.80 an hour in London. The adult minimum wage rate is £6.31 an hour. Figures from the Office for National Statistics (ONS) show that the biggest companies increased their cash reserves by £83bn between 2007 and 2012. But some employers are refusing to use these rising cash reserves to offer decent wage rises that would increase demand in the economy. Instead, workers are suffering the longest wage squeeze in over a century and in-work poverty continues to grow.

English: http://www.tuc.org.uk/social-issues/poverty-social-exclusion/more-large-employers ...  

Focus on the Living Wage Foundation: http://www.livingwage.org.uk/

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


News Archive

Loading...