Description
Wages are the main determinant of living standards for the vast majority of workers and families around the world. This manual describes a new methodology to measure what constitutes a decent but basic standard of living and how much workers need to earn to afford this, making it possible for researchers to estimate comparable living wages around the world and determine gaps between living wages and prevailing wages.
The new, practical methodology in this manual draws on 10 years of research and experience to clearly explain each step in the estimation process, based on standards for a low cost nutritious diet, healthy housing, and all other needs including decent health care and children's education. It stresses transparency and the need for time and place specific living wage estimates, and is replete with examples from country studies that have put it to the test. The authors describe how living wages can be estimated in locations and countries where secondary data are limited and make new, practical recommendations on how to value in kind benefits as partial payment of a living wage.
An essential tool for Researchers and NGOs interested in wages, poverty, living standards, and corporate social responsibility issues, this manual will also serve company professionals responsible for corporate social responsibility and human resources. It is also an excellent tool for Bank governments and unions, and international organizations such as the United Nations, UNDP, ILO and World Bank involved in setting minimum wages, poverty alleviation programs and trade policies.
