Living Wage
A living wage is an hourly rate that meets the basic needs of a worker, including housing, food, transportation, and healthcare. It is calculated using the cost of living in a specific geographic area.
The living wage movement began in the United States in the early 1900s as a way to fight poverty and ensure that workers could support their families. The concept has gained traction in recent years as the cost of living has risen and wages have stagnated.
There is no one-size-fits-all definition of a living wage, as the cost of living varies depending on factors like location, family size, and type of housing. However, some cities and states have implemented laws or regulations that set a minimum wage at or above the localliving wage level.
The movement for a living wage has been criticized by some as being too costly for businesses and resulting in job losses. Others argue that it would help boost the economy by putting more money into the pockets of low-wage workers who are likely to spend it.