FWF has released Labour Minute Costing, a new report that provides tools for creating a wage floor in garment factories.
The report, designed for clothing brands, factories, trade unions and others interested in living wages, addresses three related questions:
• How to calculate the total cost of bringing a factory’s lowest-paid workers up to any given living wage benchmark – e.g. creating a wage ‘floor’ in a factory.
• How to incorporate the increase in wages into normal product costing systems, in a transparent and verifiable manner.
• How to ensure that increased costs can be shared fairly among all of a factory’s customers, without violating EU competition law.