living wage

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living wage,

the hourly wage that, at a minimum, supports a standard of living above the poverty level in a given locality. It differs from the minimum wageminimum wage,
lowest wage legally permitted in an industry or in a government or other organization. The goal in establishing minimum wages has been to assure wage earners a standard of living above the lowest permitted by health and decency.
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, which often provides a less than adequate standard of livingstandard of living,
level of consumption that an individual, group, or nation has achieved. The evaluation of a standard of living is relative, depending upon the judgment of the observer as to what constitutes a high or a low scale.
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. Usually exceeding both federal and state minimum wages, the living wage of any locality is normally set by a law that requires that it be paid to a specific set of workers, often those employed by businesses that have local government contracts or that receive government economic development subsidies. The recipient of a living wage stipend is generally a full-time worker who is expected to support a family (often of four). In normal circumstances, the higher the cost of livingcost of living,
amount of money needed to buy the goods and services necessary to maintain a specified standard of living. The cost of living is closely tied to rates of inflation and deflation.
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 in a given locality, the higher the living wage. Living-wage laws are in effect in several European countries, e.g., Great Britain and Switzerland. In the United States, living-wage bills had been enacted by more than 140 cities and counties by 2007. That year Maryland became the first U.S. state to require the payment of a living wage by nearly all profit-making employers with state contracts.

Bibliography

See studies R. Pollin and S. Luce (2000), Z. Madjd-Sadjadi (2001), D. Neumark (2002), D. M. Figart et al. (2002) and as ed. (2004), and S. Luce (2004).

living wage

a wage adequate to permit a wage earner to live and support a family in reasonable comfort
References in periodicals archive ?
The automatic adjustment system, and the one-off 10 per cent reduction imposed by the Court in 1931, combined to reduce the six capitals' amount in the basic wage by 31 percent in just over three years.
Workers pay 12 per cent of their basic wages as PF and employers are obliged to pay a matching contribution.
Therefore, she has pursued the enhancement of basic wage and insisted on the maintenance of similar basic wage for both local and foreign laborers.
As the calculation of holiday pay at the basic wage is common practice throughout the industry.
A pounds 30,000 basic wage does not work out as 40pc, and unless you can accurately work out the percentage, using the monetary figure would be a more honest quote.
Connecting basic wage standards to contracts also helps directly fight privatization by taking away the low-wage route advantage of competitive bidding.
Other important settlement terms included incorporation of the existing 43-cent-an-hour cost-of-living allowance into basic wage rates; hourly wage increases of 25 cents in 1989, and average increases of 25 cents per hour in 1990 and 50 cents per hour in 1991; and a 4-year contract, more in line with recent settlements in the industry, rather than the 3-year duration of previous agreements.
A suit that was filed in 1999 was the first action of its kind to force poultry companies to obey the nation's basic wage and hour laws.
If he or she is not given leave in lieu, his employer should pay him 150 per cent of his basic wage according to the days he or she has worked.
The phrase 'Basic Wage' has been removed from the Law and it has been replaced by the word 'Wage' which is defined as follows: The definition of 'wage' spelled out in paragraph (8) of Article (2) of the Social Insurance Law referred to shall be replaced by the following definition: "Wage means the amount given to the insured in cash, in kind, periodically or regularly against his/her work no matter how it is defined or the total basic wage plus the allowances defined in accordance with a decision made by the minister following the approval of the Board of Directors.
The rising scale, which could see his PS12,000-a-week basic wage jump to PS65,000, was triggered when West Ham returned to the Premier League.
82 to NT$109, resolved the basic wage screening committee of the Council of Labor Affairs (CLA) yesterday (Aug.