Living wage in context: Wage ladder and wage trends

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Chapter 17 in Living Wages Around the World, 2017, pp 307-322 from Edward Elgar Publishing

Abstract: It is important to put living wage estimates into context by comparing them with other wage and economic indicators as well as indicating recent trends in real wages. Chapter 17 describes two recommended approaches to providing a contextual backdrop for a living wage estimate. One approach illustrates in a wage ladder figure the size of gaps between prevailing wages in an industry or establishment and a living wage and other wage indicators such as poverty line wages, and average wages. Recommendations for reference points to use in a wage ladder are provided, along with examples of wage ladders from previous living wage studies. The second recommended approach is to use a series of graphs to display how real wages have changed over time in local currency and in US dollars as well as compared with other economic indicators such as minimum wages and labor productivity. Examples of such graphs from previous living wage studies are provided.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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