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Minimum wages are set both nationally and statewide. The minimum wage gives employers a guideline as to the legal minimum amount paid to employees. the minimum wage served to keep 86% of workers and their families above the poverty line for a family of four. Today that percentage has dropped to 64%, in effect leaving 36% of wage earners living at or below the poverty line. The current minimum wage amounts are roughly half of what the projected living wage is in any given area.
Living wage is defined as the estimated amount of income necessary to live comfortably and put a family into the bracket of middle class.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoA lot. Living wage is a wage which you can live off of and meet your needs. The minimum wage is the minimum businesses within a jurisdiction are required to pay their wage-based employees (this does not apply to contractors, commission-based employees, or employees subject to receiving tips. One is substantially lower than the other.
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Is the minimum wage the same as living wage in the US?
noo
What is the comparison between minimum wage and living wage?
the minimum wage is 5.35 im the uk....and the average pay is something like 25 k.......:) not sure what the living wage is....Hope this helped
Is Minimum wage a living wage?
In most cases that I've heard of, minimum wage is not enough for an average person to live on. Maybe if you are living with parents and use public transport, but seldom enough for a life .
What is the minimum wage in Philippine?
The minimum wage in Metro Manila is $4.02 per day. But this varies depending on industry. There is an article about it here: http://cebuexperience.com/living-in-the-Philippines/philippine-government/minimum-wage-in-the-philippines/
What was the minimum wage of bread in 2011?
Bread is not a living being capable of obtaining and maintaining a career that would earn it minimum wage.
What is living wage?
A living wage is a wage that ensures minimum acceptable living standards. All the definitions on wage issues can be found here: http://www.fair-wage.com/en/fair-wage-approach-menu/12-fair-wage-dimensions-menu.html
Does Aldi pay living wage UK?
Aldi will pay at least the minimum wage as mandated by law. There is no living wage defined as yet (2016), though there is a movement to introduce one.
What are the Forms of wages?
Wages have been classified into three different categories. The categories are living wages, minimum wages, and fair wages. Living wages are often defined as the wages needed in order to provide the necessities in order to live; such as food, clothing, and housing. Minimum wage is determined by the government, and are the lowest wages one can legally earn. Fair wage is the mean between the living wage and the minimum wage.
What was the Maryland minimum wage in 2008?
The minimum hourly wage is $7.25 in Maryland pegged to the Federal Minimum Wage rate as of 2009. The rate is $10.50 in many counties (considered a living wage) for employers who have federal contracts. Tipped employees have a minimum hourly wage of $3.63, higher than the federal level of $2.13.
What is the minimum wage in Kansas?
The minimum wage is $7.25, the same as federal minimum wage.
Why did Congress react differently to the different minimum wage bills?
Congress reacted differently to different minimum wage bills because of a variety of factors, including political ideologies, perceived economic impacts, and regional differences. Some members of Congress may support a higher minimum wage as they believe it will help low-income workers and stimulate the economy, while others may oppose it due to concerns about potential job losses and increased costs for businesses. Additionally, regional differences in terms of cost of living and economic conditions can also shape the way Congress responds to minimum wage bills.
What is the minimum wage in santa clara ca?
The state of California is $8.00 minimum wage. The city of Santa Cruz however noticed this was not enough to help afford the cost of living. The city (not county) has a minimum wage of $15.01 per hour if no benefits are presented.
