In the News

Measuring a minimum income standard

Geoff Riley

29th July 2014

How much money do you need for an 'adequate' standard of living? This short video from the Joseph Rowntree Foundation considers the levels of income needed to sustain a modest but adequate life-style in the UK in 2014.

In a related article, NPR's Planet Money looks at the decision of IKEA to increase the minimum wage that it pays to its workers

When Ikea Raises Its Minimum Wage, Where Does The Money Come From?

http://www.npr.org/blogs/money/2014/07/11/32958642...

According to the ONS in the UK labour market 236,000 jobs were being paid below the national minimum wage, equivalent to 0.9% of employee jobs at April 2014

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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