Paying a Living Wage will save a ‘lost generation’, says KPMG

Paying a Living Wage will save a ‘lost generation’

Mike Kelly, Head of Living Wage at KPMG comments on the Households below a Minimum Income Standard 2008/09 to 2012/13 report.

Also on KPMG.com

Mike Kelly, Head of Living Wage at KPMG comments on the Households below a Minimum Income Standard 2008/09 to 2012/13 report. He said:

“Childless working households are the worst affected when it comes to low pay – and for them it’s getting worse, not better.  For far too long low income households have been struggling to make ends meet and for young people who are trapped in low paid jobs, with little prospects, it’s an even bleaker situation. The fact remains that more than five million people are earning less than they need to live on.  Too many families still struggle to afford the basics, meaning we face a scenario that, in 2015, should have long been consigned to the footnotes of history."

“This is the perfect opportunity for employers to consider whether they can join the growing list of businesses paying a Living Wage. It may not be possible or practical for everyone, but all organisations need to do what they can to address the problem of low pay. Of course, change cannot happen instantly, but making an initial assessment is an important first step."

“Business and government need to work together as we are in danger of creating a ‘lost generation’ of low paid youth workers in working poverty. It’s time to take responsibility to ensure that staff and suppliers receive a fair wage.”

-ENDS -

 

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About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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