Living Wage attracts customers at Christmas
Embargo Thursday 00.01
Despite the better headline numbers in Wednesday’s job figures, UK average weekly year over year earnings at 1.8% remain significantly below CPI inflation (2.7%) – a real-terms wages cut for millions of workers.
In a new poll of 1,163 people in full and part time work, performed by Survation as part of the Unions21 Fair Work Commission 71% of UK employees – 21 Million workers – report that their wages have fallen in real terms over the last two years.
The poll also found that three quarters of working people (74%) would be more likely to buy products or services from a company that pays its workforce the Living Wage rather than the Minimum Wage.
Director of Unions21 Dan Whittle said: “There is still time left before Christmas for employers to increase the pay of their workers on Minimum Wage to the Living Wage – the evidence is that for those that do this will provide a real boost to business.”
“The Unions21 Fair Work Commission identified unfair pay as the top barrier to fairness, 1 in 5 working people made it their priority. Our polling shows people want pay rises at the bottom and pay restraint at the top to make pay fairer.”
Other results from the survey:
-83% of working people think the current Minimum Wage isn’t enough to meet Living Costs
-71% of UK employees – 21 Million workers – report that their wages have fallen in real terms over the last two years
-A quarter of workers say the decisions as to ‘who is paid what’ in their workplace are unfair.
-71% would support a cap on bonuses at double total base salary
Full data tables can be downloaded here.