Wednesday, May 6, 2020

Providing A Living Wage At America Versus Minimum Wage

Providing a Living Wage in America versus Minimum Wage Minimum wage is the standard amount the government sets as the lowest an employer can pay an individual per hour. A low minimum wage can be unsustainable if it does not meet the cost of living also known as a living wage. Living wages should not only apply to employees of companies who are engaged in business with businesses or government agencies of that area, but it (living wages) should be made into law, that all business must provide a standard of living wage. Living wages should be supported by all government particularly both federal and state agencies across the board should be in agreement on this issue. What is a living wage? â€Å"A living wage is one that allows families to meet their basic needs, without public assistance, and that provides them some ability to deal with emergencies and plan ahead† (Bureau of Labor Statistics, 2014). The sole purpose of a living wage is to allow those fulltime and yearly employees/workers the means and ability to provide for their families (Clain 2012, p.315-27). This issue is not only begin debated here the United States but it is a concern around the world, whether the fair distribution of income, the level of wages and other factors are indeed affecting the standard of living for its citizens ( Clary). The minimum wage in 2014 was 24 percent below its 1968 level despite the fact that U.S. productivity more than doubled over that period and low-wage workers now have much moreShow MoreRelatedEssay On Fair Trade And Free Trade1174 Words   |  5 Pagesdeveloping countries by forcing them to adopt safe working conditions, provide service t o planetary protection, and pay minimum wages. 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