The calculation of a living wage
The UK’s experience
Bibliographic Data
| ID | 23181648 |
|---|---|
| Authors | Conor D’Arcy (Resolution Foundation, London, UK), D'arcy Conor, David Finch (0000-0003-2964-9906, Resolution Foundation, London, UK, corresponding author) |
| Year | 2019 |
| Volume | 25 |
| Issue | 3 |
| Pages | 301-317 |
| Publication date | 2019-08-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Transfer European Review of Labour and Research (JOURNAL) |
| Journal identifiers | ISSN: 1024-2589 • E-ISSN: 1996-7284 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/1024258919847313 |
| OpenAlex | W2947316308 |
| Language | EN |
| Citations received | 2 |
| References cited | 4 |
Translating the concept of a living wage into a cash figure presents a number of challenges. A recent review of the approaches used in the UK explored these, with the aim of creating a unified and improved calculation. Designing a living wage relies on some technical decisions, such as which data sources are most appropriate. But many of the building blocks underlying a living wage require judgements on societal values, expectations and norms. The living wage rates in the UK are voluntary and promoted by campaign groups; this means any methodology needs to be empirically sound but also recognise the realities facing employers. No perfect approach can exist. But through analysis, consultation with stakeholders and a clear governance structure, the method used in London and the rest of the UK offers a robust, respected and up-to-date way to calculate the income needed to meet a decent standard of living.
Business · Cash · Corporate governance · Cost of living · Economic growth · Economics · Labour economics · Living wage · Macroeconomics · Management · Public economics · Standard of living · Wage · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Political Economy and Marxism
| Citations per year | 0.29 |
|---|---|
| Citation span | 2019 - 2024 (6) |
| Highly cited | No |