THE LONDON ECONOMY (BEQM402) End-of-Module Assignment (Semester 1, 2012/2013)You are required to...

Question

THE LONDON ECONOMY (BEQM402) End-of-Module Assignment (Semester 1, 2012/2013) You are required to produce an individual report (word limit 2,000 words) on ONE of the following topics. This report is...

1 answer below »

THE LONDON ECONOMY (BEQM402)
End-of-Module Assignment (Semester 1, 2012/2013)
You are required to produce an individual report (word limit 2,000 words) on ONE of the following topics. This report is worth 80% of the marks on this module. The background research needed is linked to activities you will be asked to undertake in the first Guided Independent Study (GIS) week in Week 6.

Using significant five items or artefacts held by the Museum of London, write a history of the London Economy from 1700 to the present day. These items should used to illustrate the five ‘lessons’ of history displayed by the London Economy according to Black (2007): Location; Trade and Openess; Scale and Diversity; Flexibility; Globalisation.

You are free to choose whatever items or artefacts you wish from those displayed at the Museum of London, but you must ensure that these enable you to cover the period required in an interesting and relevant manner. There must be an overall narrative linking all five objects and the ‘history’ must be written in a coherent way.

Examine whether the introduction of the London Living Wage (LLW) has been good for London and for Londoners. Illustrate your answer using a case study focusing on one particular sector or industry.

As well as considering the background to and rationale for the introduction of the LLW you should look at its impact on a given sector – like retailing or construction, for instance. You are encouraged to use both secondary data (from websites or published reports etc) and primary data (information gathered from interviews, for instance).
This is worth of 80% of the module mark. The deadline for on-line submission (via Turnitin/Blackboard) is Tuesday, 11^th December 2012 at XXXXXXXXXXnoon). Please see submission guidance below*.
Assessment Criteria:

Appropriate length (no more than 2,000 words), format and structure.
You must supply full references for all your sources.
Your work should be grammatically sound; please proof-read or spell-check before submission.
Evidence of adequate research and the use of an appropriate range of data sources and data presentation formats (graphs, charts, figures and tables, as relevant).
Quality and originality of analysis, which focuses on the question requirements.
A brief Executive Summary and Conclusion, each of no more than 250 words.

005_8nvkzk-s0y54fzv.doc

Answered Same Day Dec 23, 2021

Robert · Accepted Answer

· EXECUTIVE SUMMARY
Due to the economic downfall in the Greater London Area, the Authority of Greater London that is GLA, promoted the policy of London Living Wage throughout the main sectors of the organizations that is public and private. 
The concept of a ‘living wage’ has gained attention across the political continuum in recent years. After the success of first implemented plan of living wage in UK, in the year2001, there have been a number of other initiatives at local and regional level for the improvement of the pay of low paid workers those are thousands in number. Broadly, the attention on the low pay workers and in-work poverty has been because of the publicity gained by the concept of living wage. The focus has been completely on the decent pay and simultaneously the remedial distribution by the means of in work benefits and tax credits by raising the standard of living.
But it is a matter to consider, that only a few number of workers have been able to receive high wages, in spite of so many successes in the campaign of living wage. As per the statistics of London, in the year 2010, 652000 workers pay was less than the London Living Wage as only 10,000 workers were able to earn a living wage between 6 years from 2005 to 2011. Except for few industries, the companies in retail, travel and tourism sector, food services became the employers of the living wage in there respective industries.
· INTRODUCTION 
As per the public policy, the minimum incomereqyired by a worker to meet his basic needs and fulfill his requirements for a longer period of time is living wage. The needs are that of house that is shelter, and other basic requirements of food and clothing. In countries like United Kingdom and Switzerland, the standard of living wage is, if a person is working forty hours per week with no other income then is assumed to afford a good quality and quantity of accommodation, groceries, utilities, means of transport, health care, and pastime, although in many cases child care, education, saving for retirement, and less commonly legal fees and insurance may cost a family more than food, utilities, transport, or health care. In addition to this definition, living wage activists further define "living wage" as the wage equivalent to the poverty line for a family of four. There is difference between living wage and minimum wage and that is the minimum wage is being implemented by the government or law, and this can fail to meet the basic needs of living wage. It is different in terms measuring the basic need that includes the minimum level of consumption without considering the income source.
The wage that assists an individual in maintaining a decent and secure standard of living with all the basic necessities,

THE LONDON ECONOMY (BEQM402) End-of-Module Assignment (Semester 1, 2012/2013) You are required to produce an individual report (word limit 2,000 words) on ONE of the following topics. This report is...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment