answersLogoWhite

0

  • Salary and Pay Rates
  • Economics
  • Comparisons

What is the comparison between minimum wage and living wage?

User Avatar

Wiki User

βˆ™ 2007-09-25 15:39:01

Best Answer
Copy

the minimum wage is 5.35 im the uk....and the average pay is something like 25 k.......:) not sure what the living wage is....Hope this helped

2007-09-25 15:39:01
This answer is:
πŸ€“
🀯
πŸ€”
User Avatar

Add your answer:

Earn +5 pts
Q: What is the comparison between minimum wage and living wage?
Write your answer...
Submit

Related Questions

Is the minimum wage the same as living wage in the US?

noo


What was the minimum wage in 1967?

the minimum wage was in between $173,000 and $278,987 dollars


How is minimum wage determined?

There is no formula to determine minimum wage. Minimum wage is based on a few things such as inflation, unemployment rate, and cost of living. The main person who determines minimum wage is mainly determined by the sponsor of the wage bill.


What are the Forms of wages?

Wages have been classified into three different categories. The categories are living wages, minimum wages, and fair wages. Living wages are often defined as the wages needed in order to provide the necessities in order to live; such as food, clothing, and housing. Minimum wage is determined by the government, and are the lowest wages one can legally earn. Fair wage is the mean between the living wage and the minimum wage.


Is Minimum wage a living wage?

In most cases that I've heard of, minimum wage is not enough for an average person to live on. Maybe if you are living with parents and use public transport, but seldom enough for a life .


What is difference between living wages and fair wages and minimum wages?

Minimum wages are set both nationally and statewide. The minimum wage gives employers a guideline as to the legal minimum amount paid to employees. the minimum wage served to keep 86% of workers and their families above the poverty line for a family of four. Today that percentage has dropped to 64%, in effect leaving 36% of wage earners living at or below the poverty line. The current minimum wage amounts are roughly half of what the projected living wage is in any given area. Living wage is defined as the estimated amount of income necessary to live comfortably and put a family into the bracket of middle class.


What was the minimum wage of bread in 2011?

Bread is not a living being capable of obtaining and maintaining a career that would earn it minimum wage.


What is the is the differences of living wage and minimum?

A lot. Living wage is a wage which you can live off of and meet your needs. The minimum wage is the minimum businesses within a jurisdiction are required to pay their wage-based employees (this does not apply to contractors, commission-based employees, or employees subject to receiving tips. One is substantially lower than the other.


What is living wage?

A living wage is a wage that ensures minimum acceptable living standards. All the definitions on wage issues can be found here: http://www.fair-wage.com/en/fair-wage-approach-menu/12-fair-wage-dimensions-menu.html


What is the minimum wage in Philippines?

The minimum wage in Metro Manila is $4.02 per day. But this varies depending on industry. There is an article about it here: http://cebuexperience.com/living-in-the-Philippines/philippine-government/minimum-wage-in-the-philippines/


What is the minimum wage in Philippine?

The minimum wage in Metro Manila is $4.02 per day. But this varies depending on industry. There is an article about it here: http://cebuexperience.com/living-in-the-Philippines/philippine-government/minimum-wage-in-the-Philippines/


Why is the minimum wage different in every state?

Economies differ from state to state. In coastal states (California, New York, Florida, Mass, etc) the cost of living is very high, thus the minimum wage can be higher as a supplement. In the Midwest, (Kansas, Oklahoma, and so forth) the cost of living is very low. A high minimum wage in Kansas would crash the economy, as no one could afford to pay such a wage. As a comparison with living costs, a standard income in Kansas is 35-45 thousand a year, while in California it's 65-75 thousand a year. A very significant difference.


How is minimum wage an example of economic equity?

The implementation of a minimum wage also helps increase equity in the economy. Low-wage workers not only receive equal compensation at the minimum wage, but the minimum standard of living for the employed is raised, which helps to reduce the national income gap.


What is the minimum wage in Manila Philippines?

The minimum wage in Metro Manila is $4.02 per day. But this varies depending on industry. There is an article about it here: http://cebuexperience.com/living-in-the-philippines/philippine-government/minimum-wage-in-the-philippines/


What is the minimum wage in Maryland?

The minimum hourly wage is $7.25 in Maryland pegged to the Federal Minimum Wage rate as of 2009. The rate is $10.50 in many counties (considered a living wage) for employers who have federal contracts. Tipped employees have a minimum hourly wage of $3.63, higher than the federal level of $2.13.


What is the minimum wage in Kansas?

The minimum wage is $7.25, the same as federal minimum wage.


Does Aldi pay living wage UK?

Aldi will pay at least the minimum wage as mandated by law. There is no living wage defined as yet (2016), though there is a movement to introduce one.


Did they have a minimum wage in the 1800s?

there was no minimum wage then:)


What state has no minimum wage?

Minimum wage is a federal law - every state has to have a minimum wage.


What is the minimum wage in Idaho?

The minimum wage in the state of Idaho is $7.25 an hour, the same as the federal minimum wage. This minimum wage was enacted in 2007.


What is minimum wage for servers in Iowa?

The federal minimum wage is $7.25 an hour. Iowa may have a higher minimum wage, but it can't have a lower minimum wage.


What was minimum wage in 1920?

Federal minimum wage was not established until 1938. There was no minimum wage in 1920.


Does every state have the same minimum wage?

No, different states may have different minimum wages. Rules for minimum wage may differ between states. Minimum wage may be set differently in different towns, cities or counties as well.


What is the NBA minimum wage?

what is the minimum wage of the nba


What is the minimum wage in Italy?

italy does not have a minimum wage