• Skip to content
MightyRecruiter MightyRecruiter
  • Get Free Account
  • Solutions
    • Features
    • MightySourcer
    • Post free Jobs
    • Resume Database
    • Industries
  • Pricing
    • Software Pricing
    • Why Free ?
  • Resources
    • Blog
    • Customer Case Studies
    • Webinars
    • eBooks
    • Checklists and Infographics
    • Job Description Examples
  • Recruitment Guide
    • Legal
    • Business
    • Hiring
    • HR Glossary
  • Templates
    • Job Descriptions
    • Letter Samples
  • Get Free Account
HomeRecruitment GuideGlossary Terms A-ZLiving Wage
  • Legal Resources  
    • Termination Laws By State
    • Regular Laws
    • Wage and Hour Laws by State
  • Business Resources  
    • Business Closing
    • Business Finance
    • Business Tax
    • Starting a Business
    • Business Operations
    • Insurance and Liability
    • Intellectual Property
  • Hiring Resources  
    • Hiring Process
    • Wages and Benefits
    • Workplace Safety
    • Discrimination
    • Employee Termination
    • Managing Employees
    • Hiring Tips for Employers

Living Wage

A living wage is a set amount of compensation for performing work related services that meets a certain standard of living. The specific standard of living is highly subjective and tends to be determined based on the values of the organization representing the interests of the worker. Employees with a living wage are thought to have the ability to provide for their own basic needs and the needs of their families. Economic indicators, such as the local minimum wage rate or the current inflation rate, are used to help estimate the rate of compensation that meets this standard. Rapid changes in the price levels of essential goods such as fuel or healthcare costs can skew these estimates.

Legal Disclaimer

The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.

  • VIDEO TOUR
  • CHROME EXTENSION

MightyRecruiter

  • About Us
  • Work Here
  • Partners
  • Blog

Hiring Software

  • Features
  • Why Free?
  • Pricing
  • Free Job Postings
  • Free Job Description Samples
  • Watch Demo Video

Support

  • Terms of Use
  • Your Privacy
  • Disclaimer
  • Resources

Contact Us

Monday-Friday, 8am-5pm CST
1-844-382-1750
recruiterhelp@mightyrecruiter.com
Mighty Recruiter
  • Follow Us

© 2023, Bold Limited. All rights reserved

Powered by BOLD