Benefits Of A Living Wage - 1781 Words

In order to achieve a more equal society those in the position of the least well off must have their standard of living improved. The inclusion of a living wage in our society would greatly benefit those in that position who are stricken by poverty. I will argue in favour of a living wage for those who would benefit most from it, the marginalized. The living wage project seeks to promote business’s paying their employees a living wage rather than a minimum wage in the hopes of giving families a decent standard of living. For Regina Saskatchewan the living wage for a family of four is projected to be $16.46 an hour for each parent. This allows for a family to participate in various recreational and community activities while keeping a modest amount of money for emergencies but doesn’t allow them to save for things like university education or retirement. (Gingrich, Banks, Enoch, 2014, p. 5-7) A living wage not only provides a solution to families living in poverty but r elieves many stresses associated with financial worries. Parents with more money could then take care of their family better as having more stable finances means a family can afford to eat more nutritious foods and afford medicine resulting in fewer days spent away from work due to illness (Gingrich, Banks, Enoch, 2014, p. 9-10). This then benefits employers as their employees are not only happier but healthier as well, this also improves employee loyalty while making the company or brand look better. InShow MoreRelatedThe Benefits Of Living Wage1974 Words   |  8 PagesINTRODUCTION: The living wage is based on the amount an individual needs to earn to cover the basic costs of living. Living costs changes from place to place in country so there is different living wage rate for London and rest of the country. Living wage is administered and promoted by the Living wage foundation. Politicians has given its widespread support but limited endorsement is been given by employers. The particular amount that must be earned per hour to meet these needs varies dependingRead MoreThe Minimum Wage Should Be Increased1289 Words   |  6 PagesThe National Minimum Wage Should be increased to a Living Wage. Back in 1998 Labour s’ Tony Blair introduced the national minimum wage (NMW). It was created in aid of employers not valuing their workforce, often giving them very little wages. When it was first introduced the rate was set at  £3.60 and has slowly risen to  £6.70. However this is not enough to live on. It has been estimated that you need no less than  £7.85 an hour, rising to  £9.15 in London, to survive on. There is a clear differenceRead MoreThe True Effects Of A Living Wage1714 Words   |  7 PagesEffects of a Living Wage Dylan Gallagher 8136645 Word Count: 1906 Introduction It has been 20 years since the first living wage was introduced in Baltimore, Maryland. Long has it been argued that profitable organizations should have to pay a living wage to its employees. A wage sufficient enough to allow the employee to have a high enough standard of living to adequately take care of their family. The gap between social statuses is increasing even more, and having a living wage in placeRead MoreRaising the Minimum Wage: A Counter-Intuitive Solution Essay753 Words   |  4 PagesWhile some believe that raising the minimum wage will resolve poverty issues and lack of pay with the signing of legislation, the raising of the minimum wage to $10.10 an hour (as advocated by President Obama and the Democrats) would cause the poverty issue to be worse than it already is; inflation would occur, employees would be laid off, and minimum wage employees would lose welfare benefits, thus offsetting the wage increase. The Government should consider the effects on the American economy asRead MoreThe Death Of Horatio Alger1652 Words   |  7 Pagesbecause wealth grows faster than the economy according to Thomas Piketty, and people are not able to move up through economic classes according to Paul Krugman. Economic inequality is a problem that can be overcome with raise the minimum wage, expand welfare benefits, and provide higher education. In his TED talk, Piketty forms a simple formula explaining the economic inequality, which is r g. This means the return on capital is higher than the economic growth. In The Death of Horatio Alger, KrugmanRead MoreProviding A Living Wage At America Versus Minimum Wage957 Words   |  4 PagesProviding 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 aRead MoreIs A Living Wage? And How Does It Impact On Employee Motivation And Business? Essay1042 Words   |  5 PagesIntroduction What is a living wage? And how does it impact on employee motivation and business. It is easy to confuse a living wage with minimum wage which is set by law. Some people work to live and others live to work. Living Wage Aotearoa New Zealand launched a campaign in 2012 in Auckland and Wellington where supporting organisations collectively agreed that a living wage is the income employees and their families need for provision of the basic necessities of life. A living wage enables employeesRead MoreEffects of Increasing Minimum Wage Essay988 Words   |  4 PagesThe idea of having a federal minimum wage is a good one. The idea is to protect low and unskilled workers from discrimination and allow all workers to earn a living wage. The recent debate on the floor, though, is whether or not to raise the minimum wage from the current $7.25 per hour up to $10.10 per hour. President Barack Obama made this proposal during his annual State of the Union Address on January 28, and following this there were many hot debates about it. The debates focused not only onRead MoreMinimum Wage and Poverty 1171 Words   |  5 Pagesby millions in America. Many American citizens, specifically the children are not only living in poverty, but they are living below the poverty line due to low minimum wage (Gidfar). A child living in poverty can face serious problems in the future. Reducing poverty should not be charity work. As citizens of the world it should be a social responsibility to find a way in which poverty can no longer be a living status, especially for a developed country like America. It is one of the top countriesRead MoreRaising The Federal Minimum Wage1225 Words   |  5 Pages Study shows that wage increases do lower poverty, by 2.4% if wage at $8.00, consistent with other studies. (Washington Post/ Arin Dube) 1. Raising the federal minimum wage doesn’t cause substantial unemployment as most economists agree, including over 600 economists who wrote a letter to Congress urging a wage increase, and the Economic Policy Institute. A. Identify shortcomings of the opposition (fallacies they make, or weaknesses in the evidence they use) 1. Arin Dube’s study would be great,