As the world is moving toward a better stage of economy, it requires a great amount of spending from consumers in order to keep the stage remains stable. However, this causes difficulties for families who are having a hard time in managing their expenses, or so-called families who are living under the poverty line. With a minimum wage of nine dollar and hour (California), it would be hard for one to be able to afford all the necessities that are needed in order to live in city like Los Angeles (LA). Therefore, increasing the minimum wage or paying living wage are solutions which workers are trying to push for in workplaces. The effects of increasing the minimum wage and paying living wage to workers have significant impacts on both workers
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The living wage is the only answer. It does not only help workers resolve their financial problems as mentioned above, but also allow them to afford the necessities that they need. According to Rajiv Bhatia, “A living wage generates an income sufficient to meet subsistence needs such as food, shelter, clothing, transportation, and child care” (1). By making this comment, Bhatia emphasizes his support for the workers’ hope of a chance to increase their living quality through the living wage. Moreover, Bhatia also notes, “Secondary economic benefits for a living wage would be ‘wage push’ (resulting in increasing wages for persons just above a living wage, ‘wage ripples’ (increases in prevailing wages for persons doing similar work in non-city contracts” (1). In other word, the living wage has a significance effect on most workers’ incomes. With a higher wage, workers’ difficulties in financing issues can be easily taken care of. Ultimately, by receiving the benefits from the living wage, workers are now able to afford the necessities that are needed in order to improve their living standard. Despite the fact that the living wage can greatly benefits workers. Many different organizations are debating on whether or not they should pay living wages to their workers. As companies are interpreting how paying living wage to workers can bring disadvantages onto their companies, they are forgetting the many benefits that paying living wage can also bring to the organization as a whole. Rachel Reeves, a British Labor Party politician and economist,
The living wage is the only answer. It does not only help workers resolve their financial problems as mentioned above, but also allow them to afford the necessities that they need. According to Rajiv Bhatia, “A living wage generates an income sufficient to meet subsistence needs such as food, shelter, clothing, transportation, and child care” (1). By making this comment, Bhatia emphasizes his support for the workers’ hope of a chance to increase their living quality through the living wage. Moreover, Bhatia also notes, “Secondary economic benefits for a living wage would be ‘wage push’ (resulting in increasing wages for persons just above a living wage, ‘wage ripples’ (increases in prevailing wages for persons doing similar work in non-city contracts” (1). In other word, the living wage has a significance effect on most workers’ incomes. With a higher wage, workers’ difficulties in financing issues can be easily taken care of. Ultimately, by receiving the benefits from the living wage, workers are now able to afford the necessities that are needed in order to improve their living standard. Despite the fact that the living wage can greatly benefits workers. Many different organizations are debating on whether or not they should pay living wages to their workers. As companies are interpreting how paying living wage to workers can bring disadvantages onto their companies, they are forgetting the many benefits that paying living wage can also bring to the organization as a whole. Rachel Reeves, a British Labor Party politician and economist,