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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
TEL: +44 (0) 844 752 0036 EMAIL: [email protected] HEAD OFFICE ADDRESS: Brook House, Birmingham Road, Henley In Arden, B95 5QR
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