http://www.theguardian.com/commentisfree/2016/mar/30/osbornes-national-living-wage-minimum-wage
This claims that the minimum "living" wage should be £8.25 per hour, £9.40 in London.
Some companies have signed up to this hourly rate, which is great, but I'm not sure how much impact it would have on less profitable concerns, were all wages increased by a further £1.05 per hour.
Not that i'm defending corporations as anyone should be paid the amount to live, but for a big company like say starbucks, they employ 182k people (does this include agency?) in the world and own ~21,500 stores.
THats around 8.5 people per store of which they have 845, so lets say around 7000 employees (obviously not all will be on minimum wage but all rough estimates).
At 1 pound increase in wage a week with an average week of 40 hours thats around 160 pounds per person a month so around £1,176,000 a month so you can see why big corporations will loathe to increase pay.
