Reference Value Report: Living Wage Report and 2024 Update for Rural Morocco
2024 Reference Value Update Report: Living Wage Report for Rural Morocco
Abstract
This report updates the Anker Living Wage Reference Value for rural Morocco to 2024. This was MAD 2,249 (USD 233) for 2020 in the original report2, comprised of a Net Living Wage of MAD 2,097 (USD 217), plus a social security contribution of MAD 152 (USD 16). The updated Anker Gross Living Wage for 2024 is MAD 2,626 (USD 263) per month, comprised of a Net living Wage of MAD 2,449 (USD 246), plus MAD 177 (USD 18) which would need to be paid by law in social security contributions on the living wage. Inflation in this period was 16.8%3. Without accounting for inflation, the Living Wage estimated in 2020 would not be sufficient for families to have a basic but decent standard of living in 2024, because the purchasing power of the Living Wage would have decreased. Mandatory deductions were calculated using the most up-to-date tax laws.
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Original Report
2020 Reference Value Report: Living Wage Report for Rural Morocco
Abstract
The Anker Living Wage Reference Value for 2020 for rural Morocco is MAD 2,249 per month (USD 233)with a 95% confidence interval around it from MAD 2,083 to MAD 2,428. This is the estimated monthly wage a worker needs to be able to afford a basic but decent standard of living for a typical size family in rural Morocco in 2020. It consists of a net living wage (i.e. take-home pay) of MAD 2,097 plus MAD 152 in mandatory payroll deductions for social benefits (4.48%) and health insurance (2.26%) since income tax would not need to be paid on the rural living wage.
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