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. Since then, there has been an increased focused on higher minimum wages at the state and local level as well as indexing minimum wages to inflation.

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).

The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/

living wage

a wage adequate to permit a wage earner to live and support a family in reasonable comfort
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
If he/she rendered overtime work on a special holiday that also falls on their rest day, he/she shall be paid an additional 30 percent of his/her hourly rate on the said day [Hourly rate of the basic wage x 150 percent x 130percent x number of hours worked].
If accepted by councillors, their basic wages would have risen by almost PS800 since 2012.
For the Municipality of Balingasag, a P34 daily basic wage increase has been approved due to its reclassification from Wage Category IV to III.
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The clarification circular, titled ' Splitting of wages', says the basic wage " encompasses all the payments except the specified exclusions which are mentioned as commissions.
Chen noted that since 2008, the accumulated hike of basic wage has reached 8.7%, higher than the increase of the average wages of the manufacturing industry, the industry, and the service industry, as well as the consumer price index.
Nani is ready to accept his basic wage stays the same while the rest is made up by bonuses.
OCS currently pay their workers significantly less than any other contractor on the Tata Steel site, and Community Union representatives have been negotiating since June 2010 in an attempt to increase the basic wage of their members.
The Confederation of Japan Automobile Workers' Unions has decided to withdraw any unified demands for a basic wage increase.
It's over pounds 4,000 from our basic wage. That is 20 per cent of people's income.
Under the terms of his new arrangement Terry (left) will pocket a basic wage of around pounds 170k a week.
"Despite what management is saying, our members are on a basic wage of pounds 31,800 and if they had remained working for Shell that would now be pounds 46,000.

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