A living wage is a wage which is based upon the cost of living in an area, rather than an arbitrary minimum. Under an ideal living wage, someone who works an ordinary 40 hour per week job would be able to afford shelter, food, health care, and other basic necessities of life...
The worsening cost of living crisis has drawn attention to the cost of weekly groceries. Even families already struggling with rising energy bills, gas prices, taxes, mortgages and rents can expect to pay more for groceries this year. Over the weekend, the chairman of Britain's biggest supermarket chain, Tesco, warned that "the worst is yet to come" for food price inflation, expecting it to soon reaches 5%. Supermarkets are managing their own inflationary pressures, faced with rising bills for commodities from coffee beans to milk and wheat, as well as rising costs for packaging, transport, energy and staff ...