A living wage is the minimum income necessary for a worker to meet their basic needs (food, housing, and other essentials such as health care and clothing). The goal of a living wage is to allow a worker to afford a basic but decent standard of living. Due to the flexible nature of the term "needs", there is not one universally accepted measure of what a living wage is and as such it varies by location and household type. Most workers agree that employee, employer, and community all benefit from living wages. Employees would be more willing to work, helping the employer reduce worker turnover, and it would help the community when the citizens have enough to have a decent life.
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Quotes
- The push from corporate headquarters to replace real pay with cheap "psychic income" (ranging from good-work badges and thank-you notes from bosses to doling out tickets for a sporting event) is on the rise... Workplace exploitation is at least as old as the industrial revolution. But rather than using whips and chains to make the assembly lines move ever-faster, today's corporate exploiters use technology, devious work schedules, and lobbyists to extract more work from employees — for less pay... What we have here is the deterioration of executive ethics to the point that openly gaming and cheating America's workaday majority is considered fair game by the avaricious corporate elites. As America is learning, to its horror, the combination of unbridled corporate greed and abandonment of common ethics... is turning wickedness into gold.
- What is the best of times for a few is feeling more like the worst of times for many. We’re living in what is celebrated as a booming economy, so why—for example—are deaths by suicide among white middle-class males at an all-time high? Certain numbers are higher than ever—GDP and suicide rates—but they don’t add up... Most Americans still do not complete even a community college degree, yet the median income of a high school graduate lifts a family of four less than 40 percent above the poverty line; in the 1970s, such an earner would have cleared that threshold by three times as much...
- Forbes: The Once And Future Living Wage, by Peter Georgescu (3 April 2019)
- Some corporations are learning, at long last, that... the only way to inspire that customer-centric devotion to a company’s mission is by treating employees in a way they deserve: with living wages and a share of the profit. As more and more companies adopt this new vision of long-term success, there will be less and less need to send income on a round trip from private sector coffers into the hands of government, only to be returned to the private sector as a subsidy. It can come straight from those who own the company to those who make the profits possible... In the end, the burden rests with business to use the amazing power of free enterprise capitalism to produce inclusive growth and prosperity for all Americans. The private sector can do that if it chooses to change and act with wisdom and urgency.
- Forbes: The Once And Future Living Wage, by Peter Georgescu (3 April 2019)
- Maryland’s Senate passed a bill Thursday that gradually increases the state’s minimum wage to $15 an hour, delivering another victory to supporters of the national “Fight for $15” campaign that has ushered in wage increases in other states... Other states and jurisdictions — including New Jersey, Illinois, New York, Massachusetts and the District of Columbia — have raised their minimum wages. A bill making its way through the U.S. House of Representatives would raise the federal minimum to $15. Meanwhile, major companies including Amazon, Target, Whole Foods and Costco have all embraced $15 minimums.
- WAMU, Maryland Senate Approves $15 Minimum Wage Bill, Ally Schweitzer (14 March 2019)
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