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 Survey, A living wage pays enough to provide a decent standard of living for 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. The first national living wage law was passed in the UK in 2016! New Zealand also introduced a living wage system! While US cities including New York has living wage laws. The living wage is different from minimum wage . More than 170 countries have a legal minimum wage? Paying a living wage can also increase worker engagement and productivity. A global living wage could generate $4.6 trillion in GDP each year through increased productivity and spending.
India is set to replace its minimum wage system with a living wage by 2025 as already New labor laws are in effective, with the government seeking technical assistance from the international labour organization to develop a framework for estimating and implementing it, according to reports. The move aims to lift millions out of poverty and ensure their well being. Unlike the minimum wage, which aims to protect workers from LOW PAY, the living wage goes further by providing enough income to cover basic needs such as food, clothing, shelter and more. Indian Government under PM Modi leadership moving to positive step toward improving the economic well being of workers in India !
@PMOIndia कमाई बड़वा रहे हो या उनका काम धंधा ठप करा रहे हो धीरे धीरे ठेले वालों के साथ अब होगा खिलवाड़ देशवासिओ अब नए नए योजनाओं के तहत सबका काम ठप करा dege
@PMOIndia Great initiative for increasing the earnings of street vendors! Hope this scheme continues to benefit those who rely on their hard work.
@PMOIndia स्वनिधि योजना के लाभ से अब रेहड़ी-फुटपाथ-ठेले वालों की कमाई में वृद्धि हुई है। बहुत अच्छी खबर है।