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That was because the minimum wage was set at the right level.
At the time the Living Wage was set at £7.65 an hour outside London.
The report said the wage was set to transform earnings, helping 800,000 workers out of low pay by 2020.
At that point in time, the federal minimum wage was set at $1.00 per hour.
Osborne's "National Living Wage" was set at around a pound lower than the Living Wage Foundation's estimate, and would anyway only apply in full to over-25s, but no matter: since journalists often refuse to acknowledge any distinction between words and reality, so he pretty much got away with it at the time.
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The London living wage is set at £8.30, the regional rate at £7.20 and the NMW is calculated at £6.08.
The Resolution Foundation shows how the living wage is set assuming that tax credits and housing benefits are in place.
"More people than ever before are now work, wages are rising above inflation, and the national living wage is set to boost pay even further".
Yet if a minimum wage were set too low, it would not serve its function as a "social protection mechanism," said Mr. Liew, who is based in Singapore.
The living wage is set to be enough to cover minimum living costs once any top-ups such as tax credits are taken into account.
Too often the minimum wage is set at levels that represent the interests of national elites – too many legislators in Bangladesh and Cambodia are factory owners.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com