Living Wages
Through their commitment to living wages, companies can enable workers worldwide to enjoy a decent standard of living. Labour poverty caused by low wages is a global problem and is widespread in different sectors. According to the International Labour Organization (ILO), in 2019, more than 630 million workers worldwide - almost one in five, or 19 percent of all employees - did not earn enough to lift themselves and their families out of extreme or moderate poverty.
Companies can use their influence along their supply and value chains to advocate for living wages across all sectors and enable a decent standard of living for workers worldwide. In addition to making an important social contribution, living wages also represent an investment in core businesses, value chains, and the broader operating environment for many companies. They also enable companies to fulfill their human rights obligations better. This is because legislation is increasingly demanding that companies pay decent wages.
Benefit from the many resources provided by the UN Global Compact to advance your living wage efforts.
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Resources on the topic of 'Living Wages'
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How to Ensure a Living Wage for All Employees
This recording introduces the concept of a living wage as an essential aspect of decent work and responsible business. For non-participant access, click here.
