Workers need a pay rise. Wages have not kept up with the cost of living and the minimum wage has fallen well below the “low pay” benchmark of 60% of the median wage. Everyone who works should have a decent standard of living without endless struggle. Labour would raise the minimum wage to a real Living Wage, above the low pay mark and enough to pay for minimum essential standard of living. Labour will require employers to engage with trade unions and engage in collective bargaining over wages and conditions.
A productive economy with full employment, fair pay and conditions means people have the opportunities to reach their full potential. That in turns helps families and communities to thrive. In the Labour Party, we measure success by the progress of people.
Read more in our Alternative Budget here: