ILO reaches first agreement on issue of living wages

On 13 March, the Governing Body of the International Labour Organization approved an agreement on the issue of living wages, reached during a meeting of experts, made up of representatives of governments, employers and trade unions. The agreement defines the living wage and proposes a methodology for setting and applying it worldwide. According to the experts, the living wage must provide a decent standard of living for workers and their families, and be set through strong collective bargaining