Living wage among considerations by government in 2017
The Policy and Reform Minister says introducing a Manx national living wage is a real possibility, following a review of the minimum wage system in 2017.
The UK government currently pegs its living wage at £7.20 an hour - based on the average cost of living nationwide.
Chancellor Philip Hammond announced in last week's Autumn Statement that that's set to rise by 30 pence next April - prompting warnings from the OECD that a post-Brexit economy may not be strong enough to handle such an increase.
The UK Living Wage Foundation estimates the actual cost of day-to-day transactions is higher, and suggests a true living wage would be closer to £8.45/hr.
The minimum wage here on the Island is £7 an hour for those aged 21 and over; a similar review is being conducted at present, by way of a public consultation.
Chris Thomas says evidence suggests the current level is too low:
Five IOM women recognised in King's Birthday Honours
Police issue statement after reports female 'grabbed by her arm'
Option to relocate dementia patients no longer being considered by Manx Care
'Multitude of late boat arrivals' impacting customer numbers, says business