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Updating Anker Benchmark Living Wage and Living Income Estimates

March 31, 2022

Photo credit: Samuel Stacey, WorldFish

 

Anker living wage and living income Benchmark estimates will be updated by the Anker Research Institute on an annual basis starting in 2022. This is a change from previous years when estimates were updated every other year. Annual updates to account for inflation are important to ensure that living wage and living income estimates (i.e., family living costs) continue to be sufficient for workers to afford a basic but decent standard of living. Without updates, living wage and income estimates become outdated because the purchasing power of the living wage and living income would decrease because of inflation.

Also starting in 2022, the way in which Anker living wage and living income estimates are updated will change.  All updates will be published between March and July every year. This is a change from when estimates were updated throughout the year according to the month of the original study (i.e., to January for a study done in January, to June for a study done in June, etc.). These changes have three distinct advantages:

  • Update releases will be more predictable, benefitting all who use our values;
  • Updated estimates will be more comparable, as they will all be updated to the same time period and;
  • Updated estimates will represent the average living wage and living income for the year (e.g., for 2022, 2023, and so forth).

This will be accomplished by updating the original living wage and living income estimates by inflation to December of the previous year (e.g., to December 2021 for the 2022 update), and then adding expected inflation for the coming year (e.g., for 2022) according to sources such as the International Monetary Fund (IMF). This will provide average living wage and living income estimates for the year (e.g., for 2022).

Living wage updates will also reflect the income taxes and mandatory payroll deductions on the updated living wage. This will be done using laws at the time of the update.

Related Resources

  • Book

    Living Wages Around the World: Manual for Measurement

  • Statement

    A Shared Approach to Estimating Living Wages

  • Statement

    Global Living Wage Coalition Joint Statement on Living Wage

  • Benchmark Study

    Living Wage for Caribbean coast of Colombia

    Region: Caribbean coast
    Industry: Bananas
  • Benchmark Study

    Living Wage for Tiruppur, Tamil Nadu, India

    Region: Urban India
    Industry: Garment / Textile
  • Benchmark Study

    Living Wage for Hangzhou, China

    Region: Urban China
    Industry: Manufacturing

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The Global Living Wage Coalition delivers knowledge and information to drive effective action toward a decent standard of living for working people and their families worldwide.



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