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Issue 147
£15 Minimum Wage for Care Workers Would Boost Economy Says TUC
Paying carers £15 an hour would boost the economy by £7.7billion, research has revealed. The research provides a local breakdown of the financial benefit to the care workforce, and the wider economic benefits, of raising wages to a fair minimum of £15 per hour across the social care sector stating that their pay would help fill the estimated 165,000 vacancies in the sector, bolstering social care and easing
pressure on the NHS, according to analysts. The social care workforce accounts for £52 billion of England’s economy (GVA), however, nine out of ten care workers currently earn less than £15 an hour and many are paid less than the Real Living Wage rate of £10.90, according to the Trades Union Congress (TUC).
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