Like that checkout assistant, many of us remain unconvinced by Chancellor George Osborne packaging up what is essentially an increase on the National Minimum Wage for over 25s and rebranding it the “National Living Wage”. Of course it is to be welcomed that Mr Osborne is increasing wages at the bottom level for over 25s. But let’s call it what it is: a new legal minimum wage for over 25s. It is not a living wage in any real sense; it is not paying workers what they deserve and it is not paying workers what they need in order to achieve a decent standard of living in the UK.
The real Living Wage is set according to what experts and the public believe is needed to achieve an above-poverty standard of living. Not earning this can mean having to rely on a food bank even if you are in work. Let’s think about that for a second. Working people should not have to rely on food banks to feed their families.
The new minimum wage also risks setting young against old. There are two million under 25’s who will not benefit from the increased minimum wage. The realLiving Wage (as set by the Living Wage Foundation) makes no distinction for how old someone has to be to expect to be paid fairly for a day’s work.
Well as long as paying the “living wage” does not come out of your pocket or raise the cost of goods and services, make it as high as you want. Personally I could live with $300 an hour.