Labor & Economic News Blog
Thursday, October 30, 2008
Living Wage Laws : How Much Do (Can) They Matter?
Living Wage Laws : How Much Do (Can) They Matter?Living wage laws are “…local ordinances requiring private businesses that benefit from public money” to pay above-market wages and benefits to their workers. These laws have been passed and implemented in many larger and smaller cities nationwide. They are widely viewed as efforts to aid the working poor and address labor market inequality, particularly as other institutions that have traditionally done so (such as minimum wage laws and collective bargaining) have eroded over time.
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