living wage

== English == === Noun === living wage (plural living wages) (economics) The minimum income necessary for a worker to meet their basic needs. Coordinate terms: minimum wage, slave wage, maximum wage ==== Usage notes ==== Whereas a minimum wage is the minimum that is legal in a given jurisdiction, a living wage is the minimum that is adequate to prevent destitution, whose cutoff value is subjective but is sometimes operationally defined using economic statistics in similar ways as poverty lines are defined. ==== Related terms ==== ==== Translations ==== === References === “living wage”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present. “living wage”, in Merriam-Webster.com Online Dictionary, Springfield, Mass.: Merriam-Webster, 1996–present.