This article was last updated on April 16, 2022
Canada: 
Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
USA: Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
London mayor, Boris Johnson has supported the Labour leader, Ed Miliband’s living wage campaign and announced the Living Wage rate for workers in London is to increase by 25p an hour to £8.55.
Mr. Johnson has said the new rate will be worth £4.5 million a year for lower-paid workers; aims to lift low-paid workers out of poverty. The Living Wage rate outside London will also rise by 25p to £7.45, benefiting thousands of workers.
The present rates are £8.30 an hour in London and £7.20 in the rest of the country, compared with the national minimum wage of £6.19 for adults.
Mr. Johnson has told the wage level was not only beneficial for the recipient, but “made economic sense” for the whole of London’s economy and said: “By building motivated, dedicated workforces, the Living Wage helps businesses to boost the bottom line and ensures that hard-working people who contribute to London’s success can enjoy a decent standard of living.”
London Living wage was introduced in 2005 and is calculated on the basis of the cost of living. The wage does not put any binding on any firm but up to 200 employers back the scheme, benefiting 11,500 workers since 2005.
Director of the Living Wage Foundation, Rhys Moore has said the movement is catching growth as more employers realised the benefits of paying the rate and added: “Like Fair Trade, it represents a new standard for responsible business. We hope to see the Living Wage mark and symbol spreading further and further across organisations in the U.K.”
More than 80 employers have been formally accredited to the Foundation, with 47 awaiting accreditation and a further 73 saying they are committed to paying the rate. Almost 200 employers in London support the campaign, ranging from banks to universities.
Article viewed on Oye! Times at www.oyetimes.com.
Be the first to comment