Living wage debate
THE Chancellor has announced a higher minimum wage for people over 25 from next year, but he has confused everybody by calling it a living wage.
The idea of a living wage goes back centuries – in 1776 Adam Smith said everyone who worked should be ‘tolerably well fed, clothed and lodged’.
In London you need to earn £9.15 per hour for that basic standard of life, as calculated by London City Hall. The ‘London Living Wage’ is much higher than the new minimum wage the Chancellor announced for over-25s. As the Mayor of London has championed the living wage in London, I want him to join me in calling for a genuine living wage for all Londoners. The minimum wage should be raised up to £9.15 per hour, so everyone can build a life on their day’s work.