Living Wages & Working Life
A cost of living crisis occurs when the cost of basic necessities like bills and groceries is rising faster than the typical household income. There is now insufficient legal protection against violations of people's rights as guaranteed by international human rights legislation, as well as inadequate responsibility when mistakes are made.
A crisis of this scope has never been caused by a single issue. This is a result of the pandemic's effects, the lifting of the energy price cap, debt, increasing taxes, inflation, and the rising cost of goods and services, as well as, in my opinion, a lack of a governing balance that supports growth and addresses issues with everyday living.
Rapid increases in the cost of living might have unexpected effects. Even employment and labour markets can be impacted by rising living costs. For instance, a significant portion of the labour for a significant sector may originate from lower-income households. The local workers may be priced out as living expenses rise.
The increase in the cost of goods and services is measured by inflation. or the decline in the dollar's purchasing power. The cost of living index tracks changes in prices for things like food, housing, and healthcare.
Since 2021, consumer price inflation has increased in numerous nations. One major aspect is supply limitations brought on by the pandemic. Demand for goods and commodities has surged as the global economy emerges from its recession, particularly for consumer items. In more recent times, the crisis in Ukraine has raised commodity costs, which is raising inflation globally.
Human rights experts and equality organisations have recognised that the cost of living crisis is in fact a rights issue. The International Covenant on Economic, Social, and Cultural Rights, and in particular the right to social security and the right to an adequate standard of living, as outlined by the human rights organisation Just Fair, impose legal obligations on the UK government to safeguard citizens from the cost of living crisis. Between the practise, policy, and legal frameworks throughout the UK and the social rights protected by international human rights legislation, there are enormous gaps.
International law acknowledges that achieving the right to health entails much more than just access to healthcare; it also involves the food we eat, the housing we live in, the employment opportunities that are open to us, and much more. We think that the rising cost of living crises affects human rights, particularly the right to health.
Health and human rights are related and dependent on one another. The population's health will be clearly impacted by a person's inability to pay for a suitable place to live, adequate heating for their home, or nutritious meals. The expense of living issue' data are startling.
States (like the UK) are obligated to "progressively realise" socio-economic rights under international human rights law. This is an agreement to put up the greatest effort possible over time, with a particular emphasis on continuous progress, to work toward the realisation of these rights.