A Living Wage

Video from Fair Pay Network about increasing inequality and working poverty in the UK, and the importance of a living wage.

Currently the National Minimum Wage (NMW) is £6.08 per hour for people over 20 years old.  Working a 40-hour week for 52 weeks of the year, this would give a gross annual income of £12,646.40. The Outside London Living Wage set by the Centre for Research in Social Policy is £7.20 per hour, giving a gross annual income of £14,976 under the same circumstances.

In 2010, an estimated 3.5 million employees aged 22 to retirement were paid less than £7 per hour. Incredibly, two-thirds were women and one-third were men; so one in five female employees - and one in ten male employees - were paid less than £7 per hour in the UK. (from The Poverty Site)
The situation of working poverty is worsening with the financial crisis, as wages are frozen (even inflationary rises have been abandoned by many companies) and living costs rise sharply, especially fuel.

You can check out whether you are earning an acceptable amount using the Minimum Income Calculator. Please bear in mind that this is a fairly rough estimate, based on assumptions about you and where you live.

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Monday, 28 November 2011

A Living Wage

Video from Fair Pay Network about increasing inequality and working poverty in the UK, and the importance of a living wage.

Currently the National Minimum Wage (NMW) is £6.08 per hour for people over 20 years old.  Working a 40-hour week for 52 weeks of the year, this would give a gross annual income of £12,646.40. The Outside London Living Wage set by the Centre for Research in Social Policy is £7.20 per hour, giving a gross annual income of £14,976 under the same circumstances.

In 2010, an estimated 3.5 million employees aged 22 to retirement were paid less than £7 per hour. Incredibly, two-thirds were women and one-third were men; so one in five female employees - and one in ten male employees - were paid less than £7 per hour in the UK. (from The Poverty Site)
The situation of working poverty is worsening with the financial crisis, as wages are frozen (even inflationary rises have been abandoned by many companies) and living costs rise sharply, especially fuel.

You can check out whether you are earning an acceptable amount using the Minimum Income Calculator. Please bear in mind that this is a fairly rough estimate, based on assumptions about you and where you live.

Labels: , , , , , , ,

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