4 ms·
Yeah I could take issue with the term too. At least with minimum wage (which has the same issues wrt a price floor, like many forms of work not being worth the
by riboflava 10y ago
Yeah I could take issue with the term too. At least with minimum wage (which has the same issues wrt a price floor, like many forms of work not being worth the minimum $x/hr the law requires) it's the same at the city/state/federal level you live in so you can properly account for it, and in the ideal case is enough to "live" on so proponents are happy. "Living wage" is inherently more subjective. I can live almost anywhere in the US at that place's minimum wage or less -- if I live like a college student, or a bit worse. It's not enough to support a family on. But too often a living wage gets set at some high price it takes to rent a studio apartment alone in your area and eat out every night, and maybe even support a child. It's just a nebulous term.
I live in the Seattle area where $15/hr is the minimum wage now for the city proper. Sure certain businesses still have another year or two to implement it, and other businesses another 5 or so years, but I'm looking forward to seeing the results over time and how well they match various parties' predictions when the law was passed.