Impacts of the national living wage

now

The Future

UK

UK

USA

Impacts of the national living wageImpacts of the national living wage

The living wage in London is

£9 an hour by 2020, it will be lower thanthe London living wage now

£9.40Even once theNLW has risen to

The new nationalliving wage of

£7.50 per hour for everyone 25 and overThe rate is

30p higherthan the previous living wage of £7.20

(although that lower rate will still apply for those aged 21 to 25)

Some have said they will

hike prices,some have said they will

cut jobsand

use machines where possible to replace workers

So shoppers might expect even more automatic checkouts

Unexpecteditem in

bagging area

The living wage in the United States is

before taxes for a family of four (two working adults, two children).

$15.12 per hour in

2015

Some employers already pay the

voluntaryliving wage

& have reported that higher pay has led to higher productivity thanks to BETTER-MOTIVATED AND

MORE LOYAL STAFF

A TYPICAL US FAMILY OF FOUR(two working adults, two children)

needs to work nearly four full-time minimum-wage jobs

(a 76-hour work week per working adult)

TO EARN A LIVING WAGE

The minimum wage does not

provide a living wage for most

American families

Minimum Wages in the United Kingdom is

expected to be

7.20 GBP/Hourby the end of this

quarter, according to

Trading Economics

global macromodels and

analysts expectations

In the long-term, the United Kingdom Minimum Hourly Wageis projected to trend around

£9.00 per hour in

2020 according to our econometric models

4.5 MILLION EMPLOYEES

will benefit in 2017 from the rise

rising to 6 MILLION

or 23% of all employees in 2020

The Resolution Foundation

Thinktank says

Initially approved in July the supervisors formally adopted

the ordinance that will requireemployers to pay employees at least

$15 per hour by 2020

Employers with fewer than 25 employees

will have an additional year to reach $15 per hour

The first increase occurred on

01/07/16 and brought the minimum wage from

$10 per hour to

$10.50 per hour

In 2022 the

minimum wage will

annually increase based on the

Consumer Price Index

The minimum wage will

increase graduallyuntil 2020

USA

Yet, according to the government’s independent economic forecasters,

The Office forBudget Responsibility

has estimated that by

2020there will be

60,000fewer jobs as a result of the

National Living Wage

The Los Angeles County Board of Supervisors

gave its final approval on

29/09/16to

raise the minimum wage for workers in unincorporated areas

and for county employees

OR WHAT IS PRODUCED WORKER HOUR WORKED.

As well as automation, this could mean better management and more training.

Per

BUT ULTIMATELY, employers will have to

improve their productivity

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Sourceshttps://www.theguardian.com/uk-news/2016/apr/01/the-national-living-wage-and-what-it-meanshttp://www.resolutionfoundation.org/media/press-releases/one-in-three-workers-set-for-a-pay-rise-in-national-living-wage-hotspots-across-britain/http://livingwage.mit.edu/articles/19-new-data-calculating-the-living-wage-for-u-s-states-counties-and-metro-areashttp://www.livingwage.org.uk/calculation

http://www.tradingeconomics.com/united-kingdom/minimum-wages/forecasthttp://www.dailynews.com/social-affairs/20150929/los-angeles-county-approves-15-minimum-wage-in-unincorporated-areas-by-2020http://www.dailynews.com/social-affairs/20150721/15-minimum-wage-passed-by-los-angeles-county-board-of-supervisors