This week has been symbolic for several reasons.
Not only has their been a US vote, not only has a Conservative MP resigned over Brexit but the Living Wage Foundation has announced an increase in the Living Wage.
The increase effects 180,000 people and will see an extra 0.25p per hour in their pay check across the UK.
Increasing the average hourly rate to £9.00 per hour
If you’re lucky to work in London you will see an extra 0.35p in your pay packet.
Increasing the London hourly rate to £10.55 per hour.
The increase in the rate has been largely driven thanks to higher transport costs, rising private rents and council tax.
More to be done for low paid jobs
The increase in the living wage comes after research, published by KPMG found that over a fifth of all jobs pay less than the real Living Wage.
The research went deeper to suggest that if local authorities, universities and sports facilities (including football clubs) in towns and cities across the UK signed up to the Living Wage, an additional 480,000 low paid workers could benefit.
Living Wage Foundation Director, Tess Lanning said:
The Living Wage campaign is about tackling the rising problem of people paid less than they need to live. Responsible businesses know that the government minimum is not enough to live on, and today’s new Living Wage rates will provide a boost for hundreds of thousands of workers throughout the UK.”
Employers that pay the real Living Wage enable their workers to live a life of dignity, supporting them to pay off debts and meet the pressures of rising bills. We want to see local councils, universities, football clubs, bus companies and the other major public and private sector employers in every city commit to become real Living Wage employers. When they do, thousands of people get a pay rise, but other local employers also follow their lead. If more of these institutions step up, we can start to build true Living Wage places.