Minimum Wage Forcing Brits into Poverty
Rated • 21 reviews • economics • money.co.uk
From the page: "Working for the national minimum wage is no longer enough to keep your head above water a new study shows.
It is no longer possible to fund an â€acceptable standard of living†on the National Minimum Wage, a new study has revealed. Implying that thousands more households than previously estimated are left coping with life below the poverty line.
According to the research, completed by the Joseph Rowntree Foundation, a single person living in Britain needs to take home the pre-tax equivalent of £13,400 a year just to meet everyday costs. A couple with 2 children on the other hand need to find £26,800 a year to be able to provide the basics for their family."
