ILO adopts agreement on living wages

Global

On 13 March, the International Labour Organization’s (ILO) governing body endorsed an agreement on living wages. This acknowledges that decent wages are central to economic and social development and to advance social justice. The document also says that living wages play an essential role in reducing poverty and inequality and ensuring a decent and dignified life. For the ILO, a living wage is the wage level necessary to afford a decent standard of living for workers and their families, taking into account the country circumstances and calculated for the work performed during the normal hours of work. It should be calculated in accordance with the ILO’s principles of estimating the living wage; and achieved through the wage-setting process in line with ILO principles on wage setting. Jon Richards, Assistant General Secretary of UNISON in the UK attended the negotiations on behalf of PSI and his account of the meeting can be read here.

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