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Many people are forced to take on two jobs to earn a living wage.
»Leading firms have been criticized for failing to ensure that workers are paid a living wage.
»fight for/demand a living wage
»have/offer/receive a living wage
The Assembly approved a living-wage bill setting a minimum living wage statewide.
There are supporters and critics of the idea of a living wage and its effects on the economy. The critics argue that implementing a living wage establishes a wage floor, which will harm the economy. They believe that companies will choose not to hire the same number of employees at such high levels of pay. This creates higher unemployment, resulting in deadweight loss, as people who would work for less than a living wage are no longer offered employment.
Supporters of the living wage, on the other hand, argue that benefiting employees will also help the company. If employees are more satisfied earning a living wage, there will be less employment turnover. This reduces expensive recruitment and training costs for the firm. They also argue that the higher wage will boost morale. Employees with high morale are expected to have higher productivity, allowing the company to benefit from increased worker output.
прожиточный минимум