Werner, A.

Living wage and business ethics

Book chapter

Werner, A. 2020. Living wage and business ethics. in: Poff, D. and Michalos, A. (ed.) Encyclopedia of Business and Professional Ethics Cham, Switzerland Springer.

ISBN
Chapter title	Living wage and business ethics
Authors	Werner, A.
Abstract	The Living Wage (LW) is based on the idea that workers (and their dependents) should be able to afford a basic but decent living standard from the wages they earn. The LW is a “relative” concept as it is set by the standards of the community in which the workers live and work (Stabile 2008). It is to be contrasted with the National Minimum Wage (NMW), a “wage floor,” which stipulates the minimum pay per hour to which workers are legally entitled. NMWs are not necessarily living wages, as in many national contexts they are rather cautiously set so as to ensure affordability for businesses and not to “undermine” economic competitiveness. [...]
Keywords	Fair wage, just wage, subsistence wage
Book title	Encyclopedia of Business and Professional Ethics
Editors	Poff, D. and Michalos, A.
Publisher	Springer
Place of publication	Cham, Switzerland
Electronic	9783319235141
Publication dates
Online	30 Oct 2020
Publication process dates
Deposited	11 Feb 2021
Submitted	15 Jul 2020
Accepted	25 Aug 2020
Output status	Published
Web address (URL)	https://link.springer.com/referenceworkentry/10.1007/978-3-319-23514-1_1228-1
Digital Object Identifier (DOI)	https://doi.org/10.1007/978-3-319-23514-1_1228-1
Language	English

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