What is the ‘living wage’?

Across the world, 24% of employers now pay a living wage, while 54% of the rest expect to in the next 5 years according to a survey by PwC and WageIndicator. A living wage pays enough to provide a decent standard of living for both a worker and their family. It should be enough to provide for basic needs such as food, water, housing, clothing and transport along with some discretionary income. While also enabling people to save for unexpected events.

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