{"id":756,"date":"2013-11-06T08:12:37","date_gmt":"2013-11-06T07:12:37","guid":{"rendered":"http:\/\/sjbealehrconsult.co.uk\/blog\/?p=756"},"modified":"2013-12-06T17:58:50","modified_gmt":"2013-12-06T16:58:50","slug":"living-wage-in-the-news","status":"publish","type":"post","link":"https:\/\/sjbealehrconsult.co.uk\/blog\/living-wage-in-the-news\/","title":{"rendered":"Living Wage in the News"},"content":{"rendered":"

This week is Living Wage week (4-10 November) – and the living wage is being promoted in the news. \u00a0The economy is on the up so we are told. \u00a0There are more people in jobs and the economy is\u00a0growing, but at what cost? \u00a0The media reports the number of people in the UK who are paid less than a living wage are increasing whilst the economy is recovering. \u00a0The living wage is based on the amount of money an individual needs to have a basic standard of living and cover basic living costs. .<\/p>\n

It is not a legally enforceable level of pay, however, unlike the national minimum wage that rises annually every October set by the Chancellor of the Exchequer and enforceable by HMRC. \u00a0The living wage is currently calculated by the Centre for Research in Social Policy at Loughborough University, while the London living wage has been calculated by the Greater London Authority since 2005. \u00a0For London it is set as \u00a38.80 per hour and in the rest of the UK \u00a37.65 per hour as of 4 November 2013. \u00a0The living wage is higher in London because it is the most expensive place to live in the UK. \u00a0The Living Wage Foundation promotes the rate which compared to the national minimum wage which currently is \u00a36.31 for adults and \u00a35.03 for those aged 18-21.<\/p>\n

Ed Milliband is keen on implementing the living wage and has just announced that if Labour get into power he will introduce a tax break to employers who implement it.<\/p>\n

Very few employers use it as a benchmark, but so far this year 432 employers have signed up to the living wage. \u00a0Whilst many employers pay more than the living wage many pay much less. KPMG have revealed that 21% of the working population do not earn enough to make ends meet. \u00a0 Those workers who suffer are part timers, women and young people under 21. \u00a027% of women for example are paid less than the living wage compared to 16% of men. \u00a0Workers in the private sector are more likely to be affected.<\/p>\n

Data compiled by the Office of National Statistics for 2012 shows that\u00a0<\/span>median weekly earnings before tax were \u00a3506 in the year to April 2012. Men earned \u00a3546 a week, while women earned \u00a3449. \u00a0Median annual earnings were \u00a326,500. \u00a0However, there was substantial variation across the UK with the highest median weekly earnings in London, at \u00a3653 and the lowest were in Wales, at \u00a3453.<\/p>\n

Progress to get pay above the \u00a0national minimum wage has been slow but now there is more campaigning about the living wage because low pay has been an issue for years.<\/span><\/p>\n

For more details on the living wage:\u00a0http:\/\/www.livingwage.org.uk\/<\/a><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

This week is Living Wage week (4-10 November) – and the living wage is being promoted in the news. \u00a0The economy is on the up so we are told. \u00a0There are more people in jobs and the economy is\u00a0growing, but at what cost? \u00a0The media reports the number of people in the UK who are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[385],"tags":[],"class_list":["post-756","post","type-post","status-publish","format-standard","hentry","category-living-wage"],"aioseo_notices":[],"yoast_head":"\nLiving Wage in the News<\/title>\n<meta name=\"description\" content=\"The living wage is in the news highlighting how many people are struggling to receive sufficient pay to live on therefore potentially living in poverty.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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