The Pros And Cons Of Living Wage

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‘‘The Living Wage is the lowest wage at which subsistence needs can be met by an employee. Because the needs of each employee differ based on marital status, number of children, debt, and other cost-of-living considerations, the term living wage often pushes many hot-button political issues. Living wage can include general benefits such as health and dental care, and overtime pay’’ (Rank, 2013). ‘‘Legislation and policy conversations surrounding the increase of minimum wage quite often intersect with those of living wage. Proponents of a higher federal minimum wage, for example, argue an increase would help the “working poor” achieve a living wage and reduce the number of full-time workers who rely on government assistance’’ (Rank, 2013). Living wage implementation has many pros which are decreased employee turnover, plus savings on staff hires and training, improved job performance, productivity and service delivery, plus lower rates of absenteeism, benefits to the broader economy by stimulating consumer spending, and demonstration of greater corporate social responsibility, plus an increase in public recognition ((Living wage, 2015). The positive impacts of living wage also are ‘‘Food, clothing housing sufficient in quantity and quality to maintain the workers normal health, in elementary comfort and in environment suitable to the protection of morality and religions; sufficient provision for the future to bring elementary …show more content…

Some of them base it on the social benefits to be derived from maintaining the workers in a condition of the highest industrial efficiency; others, on the manifest justice of giving a man sufficient to repair the energy that he expends in his labour. Other; on common estimate of what constitutes a just price for work. Also, personal dignity of the labourer or his right to possess the requisites of a decent human life