The Benefits Of Living Wage

1974 WordsAug 31, 20158 Pages
INTRODUCTION: The living wage is based on the amount an individual needs to earn to cover the basic costs of living. Living costs changes from place to place in country so there is different living wage rate for London and rest of the country. Living wage is administered and promoted by the Living wage foundation. Politicians has given its widespread support but limited endorsement is been given by employers. The particular amount that must be earned per hour to meet these needs varies depending on location. In the 1990s the first living wage campaigns were launched by community initiatives in the US addressing increasing poverty faced by workers and their families. They argued that employee, employer, and the community win with a living wage. Employees would be more willing to work, helping the employer reduce worker turnover, and it would help the community when the citizens have enough to have a decent life. Prime Minister David Cameron has said he supports the idea in principle. Ken Livingstone and Boris Johnson both London 's former and current mayor, are supporters of living wage. The Greater London Authority (GLA) is among the organisations that pay the living wage to their employees. “ No business which depends for existence on paying less than living wages to its workers has any right to continue in this country. ” —President Franklin Delano Roosevelt, 1933, Statement on National Industrial Recovery Act. What is the difference between the living wage and the
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