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Living Wage 'to benefit 3.7m women' | Living Wage 'to benefit 3.7m women' |
(about 11 hours later) | |
Some 3.7 million women - nearly three in 10 employees - will receive a pay rise by 2020 owing to the new National Living Wage, research suggests. | Some 3.7 million women - nearly three in 10 employees - will receive a pay rise by 2020 owing to the new National Living Wage, research suggests. |
At the same time, 2.3 million male workers will benefit, the Resolution Foundation report says. | |
The majority of employees would see their earnings rise in line with the minimum but some would gain from a "ripple effect" of wage rises, it said. | The majority of employees would see their earnings rise in line with the minimum but some would gain from a "ripple effect" of wage rises, it said. |
The National Living Wage of £7.20 an hour comes into force in April 2016. | The National Living Wage of £7.20 an hour comes into force in April 2016. |
It will only apply to workers over the age of 25. The national minimum wage is currently £6.50 an hour, which will rise to £6.70 next month. | It will only apply to workers over the age of 25. The national minimum wage is currently £6.50 an hour, which will rise to £6.70 next month. |
"Because of their concentration among the low paid, women will account for the majority of the winners," said the think tank's policy analyst, Conor D'Arcy. | "Because of their concentration among the low paid, women will account for the majority of the winners," said the think tank's policy analyst, Conor D'Arcy. |
"This will have a positive - though modest - effect on the gender pay gap, and will particularly help those working part-time." | "This will have a positive - though modest - effect on the gender pay gap, and will particularly help those working part-time." |
Regional effect | Regional effect |
Analysis by the Resolution Foundation found that six million people - almost a quarter of all employees - will get a wage rise by the end of the decade, worth an average of £1,210. | Analysis by the Resolution Foundation found that six million people - almost a quarter of all employees - will get a wage rise by the end of the decade, worth an average of £1,210. |
A further 2.8 million employees already being paid the new minimum would gain as firms maintained pay gaps between different workers, the report said. | A further 2.8 million employees already being paid the new minimum would gain as firms maintained pay gaps between different workers, the report said. |
Workers in areas including Yorkshire and the Humber, Midlands and Wales were expected to be among those benefiting most from the higher wage, it suggested. | Workers in areas including Yorkshire and the Humber, Midlands and Wales were expected to be among those benefiting most from the higher wage, it suggested. |
Earlier in the week, the government outlined plans for tougher penalties to be imposed on employers which fail to meet the National Living Wage requirements. | Earlier in the week, the government outlined plans for tougher penalties to be imposed on employers which fail to meet the National Living Wage requirements. |
The plan for the wage, outlined in Chancellor George Osborne's Budget, has received support, but the CBI said it was a "gamble" to place politics into the setting of a minimum wage level. | The plan for the wage, outlined in Chancellor George Osborne's Budget, has received support, but the CBI said it was a "gamble" to place politics into the setting of a minimum wage level. |
TUC general secretary Frances O'Grady said: "The TUC has long argued that Britain needs a pay rise, and the new supplement to the minimum wage is a welcome step forward. | |
"Despite the pay gains, many of the lowest paid workers will still be left poorer overall because of steep cuts to their tax credits." |
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