In My Primer: Economics 101, I shared several economic principles taught to me by my family and our surrounding community. I ended with the question, “What are some principles that might help us in building a sustainable economy?” Well the first principle I want to discuss is something called the living wage.
“Living wage refers to the minimum hourly wage necessary for a person to achieve a basic standard of living. In the context of developed countries such as the United Kingdom or Switzerland, this standard is generally considered to require that a person working forty hours a week, with no additional income, should be able to afford housing, food, utilities, transport, health care and a certain amount of recreation.”
Source: Wikipedia
http://en.wikipedia.org/wiki/Living_wage
What is the case for the Living Wage?
What are the costs?
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Hecate (not verified) | Tue, 03/28/2006 - 1:10pm
Katrina,
Another great article! Let's definitely talk about working together on some articles!
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