The question of whether one is being paid fairly is a fundamental issue that affects employees, employers, and the economy as a whole. A lack of fair pay can lead to feelings of being undervalued and a decreased motivation and satisfaction with work. It can also lead to discrimination and a wide range of other social issues, including poverty and inequality.
In order to address this issue, we need to create a system where people are paid for their skills and efforts - regardless of their gender, age, religion, or sexual orientation. This means removing biases and barriers that prevent people from reaching their full potential, which in turn will create jobs that are more rewarding and sustainable.
Fair wages are the foundation of a healthy, prosperous society. This is why Fairtrade works to increase and sustain the incomes of workers in our supply chains by ensuring that they receive the premium they deserve. We support this through strategic use of the premium, which can be earmarked for specific wage increases, addressing gaps and allowing the premium to help overcome some of the underlying challenges that prevent wages from keeping up with rising costs.
As a result, we're aiming for a minimum Fair Wage for our supply chain workers. This is a wage that's sufficient to meet basic needs and provide some discretionary income. It's a goal that we can achieve together, with support from our buyers and other organizations in the business community.