United Kingdom - Substantial increase of minimum wage if rate for top earners applies - December 31, 2017

Trade union GMB has calculated how high the minimum wage would be if the rate matched executive pay rises. GMB’s research underscores by just how much the statutory pay floor has failed to keep pace with executive earnings. the calculations show that if increases in the national minimum wage had kept pace with a chief executive, the hourly minimum would be £12.74 compared with £7.50 now for those 25 years and older. For a worker aged over 25 on 40 hours per week this would equate to a yearly minimum wage of £26,000 compared with the £14,664 they are currently earning.

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For more information, please contact the editor Jan Cremers or Nuria Ramos Martin, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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