living wage in northern ireland
DESCRIPTION
An infographic highlighting the key points from the NICVA Centre for Economic Empowerment's report 'An Economic Analysis of the Living Wage in Northern Ireland'. For more information on the report please visit http://www.nicva.org/resource/economic-analysis-living-wage-northern-irelandTRANSCRIPT
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Source: Oxford Economics report for NICVA CEE: An Economic Analysis of the Living Wage in Northern Ireland.Analysis and outcomes are based on April 2012 data and the then Living Wage of £7.20 per hour. * The UK Living Wage for outside of London is currently £7.65 per hour, but is due to be updated for 2014 in November. See http://www.livingwage.org.uk/ for more.
Consumer price index Retail price index Adult rate of NMW
6%
5%
4%
3%
2%
1%
0%
-1% 2009 2010 2011 2012 2013
Source: Oxford Economics,ONS, www.gov.uk
Annual % change of prices and theMinimum Wage
in the UK 2009-13
EMPLOYEES INNORTHERN IRELAND
EARN BELOW THE LIVING WAGE
173,000
THE LIVING WAGE
PER HOUR*
£7.65
173,000
ALL WORKERS
23%
PART-TIME WORKERS
42%
FULL-TIME WORKERS
14%
FEMALE WORKERS
26%
MALE WORKERS
20%
WHO EARNS LESS THAN THE LIVING WAGE?
% earning belowthe Living Wageby parliamentaryconstituency(darker areasindicate higher %)
WHAT IMPACT COULD THE LIVINGWAGE HAVE INNORTHERNIRELAND?
2,500ADDITIONAL JOBS
£221MADDITIONAL GROSS WAGES
£132MADDITIONAL SPENDING
£88MADDITIONAL TAX ANDBENEFIT SAVINGS
Economic Analysis of the Living Wage in Northern Ireland