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Many minimum wage laws have not kept up with the inflation in living costs, which is why people now use the term living wage. It likely was the original point,
by adamcstephens 6y ago
Many minimum wage laws have not kept up with the inflation in living costs, which is why people now use the term living wage. It likely was the original point, but very few are/were indexed to inflation. Add in the unwillingness of a large portion of politicians to raising the minimum wage, and drift has occurred.
- dominotw 6y agoLooking at the calculator posted in the sister comment, living wage isn't simply minimum wage adjusted up to inflation. It has to do with employers taking personal circumstances of employees into consideration when setting the minimum wage for that particular employee. Living wage for a single person is very different from living wage for a single parent with two children.