Living Wage (Noun)
Meaning
A wage sufficient for a worker and family to subsist comfortably.
Classification
Nouns denoting possession and transfer of possession.
Examples
- Many low-income families struggle to afford basic necessities due to not earning a living wage.
- Economists argue that a living wage is crucial for economic growth, as employees with higher wages can invest more in goods and services.
- A few organizations and businesses have made a commitment to paying their employees a living wage.
- Some cities started issuing living wage ordinances requiring city contractors and businesses with government subsidies to pay employees an adequate living wage.
- Most countries consider paying a living wage as a fundamental human right to fair compensation.