Living Wages

Introduction of living wages Over the past decade, politicians have tried to reform the nation's poverty level by encouraging what is commonly referred to as living wages. At the most basic level, living wages are absolute minimums that each person must reach per hour or hour to surpass the federal poverty line. Although the number of people who earn living wages is still small, Wood (2002) is increasing in the US because this trend is useful for reducing the turnover rate of all employees and improving the productivity of employees Indicates that.

The study shows that the minimum wage law and the living wage law have different influences on poverty: the evidence suggests that the living wage law reduces poverty. The parties affected by the Minimum Wage Act and the Living Wage Act differ. Because the living wage law usually applies to the more limited fields of the population. Currently, it is estimated that workers subject to the Living Wage Act account for 1 to 2% of the minimum quarter of wage distribution. We must take into account that the impact of living by the wage law depends to a large extent on the extent to which these laws are enforced.

Minimum wages are different from living wages. The minimum wage is the minimum statutory minimum wage set by the state government. Thousands of families currently making minimum wages in British Columbia are still living below the poverty line. Employers are obliged to meet higher standards in living wages, which requires salaries of employees and subcontractors to reflect the true cost of community life, and for parents to support their families You can earn wages. According to the survey, firms usually absorb increases in costs associated with living wage policies by raising price and productivity, reducing turnover rates and employee redistribution. Most workplaces do not have employees and no employees. In British Columbia, the minimum wage has been raised from $ 8 per hour to $ 10.25 per hour in a relatively short period of time. In addition, the employment rate of young people aged 15 to 24 in British Columbia declined slightly (1.6%). Raise the minimum wage, 2015)

The minimum wage is the living wage. "Through living wages, I do not mean just maintaining a self-sufficiency level - I mean a decent life wage." In 1933, President Roosevelt stated that the first minimum wage was 5 years of the law I mentioned that it was before. Recently, it is nothing but a living wage. Those working full-time with federal minimum wage earn only $ 1,580 per year annually - even two families are under the poverty line. In the case of a minimum wage earner for a family of four, the full-time salary is below $ 9,000, or $ 23,850, on the poverty line. Even full-time jobs of $ 10.10 per hour - $ 21,008 per year - are not satisfactory.