Two-fifths of workers have pay affected by surging minimum wage
5 years ago

Two-fifths of workers have pay affected by surging minimum wage

The Telegraph  

An unprecedented two-fifths of workers have been affected by the minimum wage as a surging lower limit boosts pay but piles pressure on small businesses. More than 1.6m workers are now on the so-called national living wage, which is set by the state and is due to rise by 51p to £8.72 per hour in April. As a result, the Low Pay Commission estimates that at least 35pc of all workers get a pay boost when the living wage goes up. The LPC said: “While in recent years national living wage workers have done better than their counterparts paid above the rate, this year there was strong pay growth across the bottom two-fifths of the distribution.

Workers Pay  living  lpc  national  workers  surging  paid  rate  minimum  pay  twofifths  wage  affected

History of this topic

UK Taxes on Minimum Wage Work Nearly Double in a Decade
6 days, 16 hours ago

UK Taxes on Minimum Wage Work Nearly Double in a Decade

Live Mint  

-- Taxes on minimum wage jobs will have effectively doubled in just a decade after the Labour government’s increased payroll levy comes into effect, according to research by a conservative think tank. The Centre for Policy Studies said the combined amount of tax paid by employees and employers will rise to more than 21% of salary for minimum wage workers …

Millions to get bumper pay rises in Budget: Chancellor Rachel Reeves is set to announce 6% hike in National Living Wage to at least £12.12-an-hour
2 months, 1 week ago

Millions to get bumper pay rises in Budget: Chancellor Rachel Reeves is set to announce 6% hike in National Living Wage to at least £12.12-an-hour

Daily Mail  

Millions are in line for pay rises as Rachel Reeves gears up to announce an inflation-busting rise in the minimum wage to at least £12.12-an-hour. Government sources say the Chancellor will use tomorrow's Budget to unveil a 'significant' rise in what will be rebranded the 'new living wage'. While this will boost many workers' pay packets, it could also deal …

Boost for low-paid as minimum wage set to rise by 6% in Budget
2 months, 1 week ago

Boost for low-paid as minimum wage set to rise by 6% in Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rachel Reeves will become the first woman to deliver a Budget The minimum wage, or …

Reeves to hand workers pay rises of more than triple rate of inflation
2 months, 1 week ago

Reeves to hand workers pay rises of more than triple rate of inflation

The Telegraph  

Tina McKenzie, of the Federation of Small Businesses, said: “Any increase to the NLW must be accompanied with powerful government measures to help small businesses create and sustain jobs. Almost four in five of small business employers say the Employment Allowance should rise in line with the NLW every year.” Ms Reeves decision to raise the minimum wage will be …

Real living wage goes up: Who will get the new amount?
2 months, 2 weeks ago

Real living wage goes up: Who will get the new amount?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The new rate …

Starmer is warned that public sector pay rises will drive up inflation
5 months, 2 weeks ago

Starmer is warned that public sector pay rises will drive up inflation

The Telegraph  

Minimum wage woes Significant rises are also expected to the national living wage, which already jumped by 9.8pc this year under the Conservatives. If you were to spread it over a parliament, I don’t think it will have any real effect on the Bank’s rate decisions in the near-term.” At its interest rate meeting in June, the Bank’s Monetary Policy …

Why Britain is leaving Europe behind on pay – and becoming more like the US
7 months, 3 weeks ago

Why Britain is leaving Europe behind on pay – and becoming more like the US

The Telegraph  

One reason is unemployment: it is significantly lower in the UK than that in the eurozone, pointing to a tight jobs market that keeps wages high. George Buckley, economist at Nomura, says: “It could be that those coming in from Europe were low-wage and they were acting to reduce pay pressures in parts of the economy, whereas these people could …

The charts that point to a summer interest rate cut
8 months ago

The charts that point to a summer interest rate cut

The Telegraph  

Falling gas and electricity bills are the main driver, with a 12pc drop in the energy price cap that is expected to shave around 1.2 percentage points off the headline rate in April, according to economist Sanjay Raja at Deutsche Bank. The Bank said “fierce competition” from discount supermarkets like Lidl and Aldi was also likely to temper food inflation …

Jeremy Hunt confirms pay boost for nearly 3million workers as living wage rises to more than £11 an hour
1 year, 1 month ago

Jeremy Hunt confirms pay boost for nearly 3million workers as living wage rises to more than £11 an hour

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The chancellor said move would “end low pay in this …

Hunt to raise Living Wage by £1 an hour to benefit three million workers
1 year, 1 month ago

Hunt to raise Living Wage by £1 an hour to benefit three million workers

The Telegraph  

The minimum wage is to increase by £1 an hour to £11.44 from next April, as Jeremy Hunt gave a boost to almost three million of the poorest workers. The full minimum wage, officially known as the National Living Wage, is currently set at £10.42 per hour. End low pay Mr Hunt had said: “Next April, all full-time workers on …

Two in five lowest-paid workers ‘skipping meals and relying on food banks’
1 year, 3 months ago

Two in five lowest-paid workers ‘skipping meals and relying on food banks’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A survey of 2,000 workers by the Living Wage Foundation found that 60 per …

Pay rise comes for New Yorkers, but some chafe at compromise
1 year, 8 months ago

Pay rise comes for New Yorkers, but some chafe at compromise

Associated Press  

ALBANY, N.Y. — A deal to raise minimum wages in New York would keep the state near the top of the list of places with the highest base pay for low-paid workers, but the raise amount is disappointing some labor activists who had hoped for a bigger bump. The minimum hourly wage would rise to $17 in New York City …

UK’s Trades Union Congress calls for large rise in minimum wage
2 years, 4 months ago

UK’s Trades Union Congress calls for large rise in minimum wage

Al Jazeera  

The call for the rise of the minimum wage to 15 pounds an hour comes amid a series of strikes. Britain’s Trades Union Congress has called for action from the government to set about increasing the minimum wage to 15 pounds an hour “as soon as possible”. Postal deliveries are also set to be disrupted due to strikes by Royal …

Why British workers’ pay squeeze will last even longer than previously feared
2 years, 5 months ago

Why British workers’ pay squeeze will last even longer than previously feared

The Telegraph  

Staff at Virgin Money are getting an extra £1,000 to help with the cost of living, in the latest example of companies boosting wages as inflation soars to a four-decade high. The one-off bonus is being handed to all Virgin Money workers who earn less than £50,000 per year, and comes on top of a 5pc pay rise offered at …

WA workers on minimum wage to get 5.2 per cent pay rise to help with cost of living
2 years, 6 months ago

WA workers on minimum wage to get 5.2 per cent pay rise to help with cost of living

ABC  

The minimum wage in Western Australia will increase by 5.25 per cent, giving the state's lowest paid workers an extra $40.90 per week, following a decision by the WA Industrial Relations Commission. Key points: The 5.2 per cent wage hike is below Perth's 7.6 per cent inflation rate WA is experiencing record low unemployment The minimum wage in WA will …

Labor Anthony Albanese back 5.1% minimum wage rise Fair Work Commission Australia
2 years, 7 months ago

Labor Anthony Albanese back 5.1% minimum wage rise Fair Work Commission Australia

Daily Mail  

The federal government has called on the Fair Work Commission to ensure the pay of low-income workers not go backwards, in its submission on a potential rise to the minimum wage. While the submission does not include a figure on how much the minimum wage should rise, the government argued the wages should not go backwards, following the consumer price …

Labor formally submits for minimum pay rise of at least 5.1 per cent to Fair Work Commission
2 years, 7 months ago

Labor formally submits for minimum pay rise of at least 5.1 per cent to Fair Work Commission

ABC  

Labor has officially backed a pay increase for low wage workers in a formal submission made today to the nation's wage authority. Key points: Labor has recommended a 5.1 per cent increase for low paid workers The party committed to the increase at the election despite Coalition resistance The Fair Work Commission will determine a wage increase this month The …

Lifting the minimum wage is anything but reckless — it’s what low earners need
2 years, 7 months ago

Lifting the minimum wage is anything but reckless — it’s what low earners need

ABC  

Stand by for something "reckless and dangerous". That's what former prime minister Scott Morrison said Prime Minister Anthony Albanese would be if he asked the Fair Work Commission to grant a wage rise big enough to cover inflation. New Prime Minister Anthony Albanese is planning to ask the Fair Work Commission to grant a wage rise big enough to cover …

Wage debates and inflation are just the tip of what business want the new government to tackle
2 years, 7 months ago

Wage debates and inflation are just the tip of what business want the new government to tackle

ABC  

As parliament welcomes some new suits, Luke Williams is busy cleaning them. But just like new Prime Minister Anthony Albanese, Luke Williams supports rising the minimum wage by 5.1 per cent in line with inflation. "It's certainly becoming a more challenging economic environment as the new government takes power." The first challenge facing Albanese is to restore Australia's economy Photo …

Pay rises failing to keep up with the cost of living, ONS figures show
2 years, 11 months ago

Pay rises failing to keep up with the cost of living, ONS figures show

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average pay rises are failing to keep up with the …

Minimum wage rises for two million lowest-paid workers – but thousands miss out
3 years, 9 months ago

Minimum wage rises for two million lowest-paid workers – but thousands miss out

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The full changes are: For those aged 23 or over, the minimum wage has …

Planned rise in minimum wage ‘unaffordable’ after pandemic
4 years, 4 months ago

Planned rise in minimum wage ‘unaffordable’ after pandemic

The Telegraph  

Britain may be unable to afford a planned increase to the national living wage as a result of the Covid-19 pandemic, The Telegraph can disclose. The commission could trigger the emergency brake if evidence suggests that planned rises would be “damaging for the lowest-paid workers”. Our contribution to help steer a path through the complexity will be to provide a …

Millions of low-paid workers to benefit from Fair Work decision to boost minimum wage
4 years, 6 months ago

Millions of low-paid workers to benefit from Fair Work decision to boost minimum wage

ABC  

The minimum wage will increase by $13 a week, affecting the pay packets of more than 2.2 million Australians as the nation deals with its first recession in decades. Key points: The Fair Work Commission has decided to raise the national minimum wage More than 2 million workers will benefit from the decision The changes come into effect from July …

National living wage hike is justified despite impending recession, says think tank
4 years, 9 months ago

National living wage hike is justified despite impending recession, says think tank

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Wednesday’s hike in the adult …

Minimum Wage Hikes Fuel Higher Pay Growth For Those At The Bottom
5 years ago

Minimum Wage Hikes Fuel Higher Pay Growth For Those At The Bottom

NPR  

Minimum Wage Hikes Fuel Higher Pay Growth For Those At The Bottom Enlarge this image toggle caption Frederic J. Brown/AFP via Getty Images Frederic J. Brown/AFP via Getty Images Kecia Jolley is getting a pay raise this week. "If you're a minimum wage worker in America right now, on average, you're actually probably getting paid closer to $12 an hour," …

Minimum wage rise: Boris Johnson criticised by bosses over ‘biggest ever’ low pay increase
5 years ago

Minimum wage rise: Boris Johnson criticised by bosses over ‘biggest ever’ low pay increase

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Boris Johnson hailed the “biggest ever” increase in the official wage floor – a hike …

Almost three million people to receive pay rise of up to £930 in biggest increase to National Living Wage
5 years ago

Almost three million people to receive pay rise of up to £930 in biggest increase to National Living Wage

The Telegraph  

Almost three million people will receive a pay rise of up to £930 from April after the Government announced the biggest ever increase to the National Living Wage. However, the rise falls short of the £9.30 hourly rate the Living Wage Foundation has campaigned for, which calls for pay rises to be reflective of the cost of living. Boris Johnson …

Minimum wage will rise 3 per cent to $740.80 a week on Fair Work ruling
5 years, 7 months ago

Minimum wage will rise 3 per cent to $740.80 a week on Fair Work ruling

ABC  

Around 2.2 million Australian workers will receive a pay rise after the Fair Work Commission increased the national minimum wage by 3 per cent, amounting to an extra $21.60 a week. Key points: The minimum wage from July 1 will be $19.49 an hour, or $740.80 a week for full-time workers The Fair Work decision affects around 2.2 million workers …

‘Worrying’ rise in number of people being paid below minimum wage, study finds
5 years, 8 months ago

‘Worrying’ rise in number of people being paid below minimum wage, study finds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A “worrying” number of workers …

Living wage: Twenty years on, we can say the national minimum wage was a success
5 years, 9 months ago

Living wage: Twenty years on, we can say the national minimum wage was a success

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The minimum wage, now called the …

23% of 'new Europeans' earn minimum pay, well above national rate of 6%
5 years, 10 months ago

23% of 'new Europeans' earn minimum pay, well above national rate of 6%

Dutch News  

Around 6% of workers in the Netherlands are still paid according to minimum pay rates, the national statistics agency CBS said on Friday, ahead of celebrations to mark 50 years since the concept was introduced in the Netherlands. People working via staffing agencies and in the hospitality sector are most likely to earn minimum pay rates, the CBS said. The …

23% of 'new Europeans' earn minimum pay, well above national rate of 6%
5 years, 10 months ago

23% of 'new Europeans' earn minimum pay, well above national rate of 6%

Dutch News  

Around 6% of workers in the Netherlands are still paid according to minimum pay rates, the national statistics agency CBS said on Friday, ahead of celebrations to mark 50 years since the concept was introduced in the Netherlands. People working via staffing agencies and in the hospitality sector are most likely to earn minimum pay rates, the CBS said. The …

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