Living & Minimum Wage
A Living Wage is a minimum level of income at which people feel they need to obtain a socially acceptable standard of living. The following official definition has been developed by the policy unit: “A minimum standard of living in the Falkland Islands today includes, but is more than food, clothes, and shelter. It is about what you need in order to have opportunities and choices necessary to participate in society”.
Though the outcome may be used to compare against the minimum wage, and may be used as evidence for changes to the minimum wage in the future, the living wage is distinct. It is a separate study using the opinions and data collected from the people of the Falkland Islands.
For more information, please contact:
Davide Ranghetti, Chief Economist & Economic Policy Adviser
Phone: +500 28429