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Living wage in context: Wage ladder and wage trends

In: Living Wages Around the World

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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.

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  • ., 2017. "Living wage in context: Wage ladder and wage trends," Chapters, in: Living Wages Around the World, chapter 17, pages 307-322, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:17350_17
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    Economics and Finance;

    Statistics

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