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.
Chapter title | Living wage and business ethics |
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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 |
ISBN | |
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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