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 ?
Convenor of the finance and economy committee, Councillor Margaret Brisley, said: "We introduced the Living Wage for our workers in 2012 as a way to ease pressure on individual and family budgets for those who need it most.
Unison has long campaigned for the real living wage rate to be paid across the whole Welsh public sector.
More than 3,600 UK employers have agreed to be Living Wage accredited, including many in Birmingham such as the city council and National Express West Midlands.
The First Minister said: I am delighted that Scotland has reached this landmark during Living Wage Week.
The announcement comes with research published by KPMG which showed 268,000 people were paid less than the living wage last year.
Living Wage Foundation director, Katherine Chapman said: "The new Living Wage rates announced today will bring relief for thousands of UK workers being squeezed by stagnant wages and rising inflation.
Katherine Chapman, director of the Living Wage Foundation which sets the rates, said: "The new rates will bring relief for thousands of UK workers being squeezed by stagnant wages and rising inflation.
Group CEO Ben Quigley said: "By paying the real Living Wage, we are voluntarily taking a stand to ensure their employees can earn a wage which is enough to live on.
Paying a living wage not only benefits families but also provides a boost to the local economy as the extra money is often spent in local shops and on local services.
Report author Dr Andrea Werner, of Middlesex University in London, said: "Respondents told us how much they benefited from paying the Living Wage in terms of brand reputation, employee retention and increased staff productivity and motivation.
First Utility employs more than 1,000 staff, including a customer service centre in Coventry which is home to 600 people, with 100 additional roles planned by the end of 2015, It says its support for the Living Wage is part of its efforts to offer fair working conditions, including being "firmly opposed" to zero hour contracts and supporting an initiative to encourage and promote more women into leadership positions in the energy sector.

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