Quote:
Widespread use of a so-called living wage could save the government £2bn a year, according to two think tanks.
The saving has been calculated by the Resolution Foundation and the Institute for Public Policy Research (IPPR).
They say paying staff at least £7.45 per hour outside London, and £8.55 within the capital, would boost the nationwide income by £6.5bn a year.
But the government would collect more income tax and pay out less in benefits and tax credits.
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http://www.bbc.co.uk/news/business-20853767
I think the government should seriously look at this as a replacement for the totally meaningless and insulting minimum wage