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Cost of a basic but decent life for a family [1] [2]. A living wage is defined as the minimum income necessary for a worker to meet their basic needs. [3] This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity.
Minimum wage legislation emerged at the end of the nineteenth century from the desire to end sweatshops which had developed in the wake of industrialization. [17] Sweatshops employed large numbers of women and young workers, paying them what were considered non-living wages that did not allow workers to afford the necessaries of life. [18]
The view that wage work has substantial similarities with chattel slavery was actively put forward in the late 18th and 19th centuries by defenders of chattel slavery (most notably in the Southern states of the United States) and by opponents of capitalism (who were also critics of chattel slavery).
If you're considering a move to the Silver State, you need to know what kind of income you'll need to make it work. A good starting point is the 40x rent rule. This can help you get a sense of your...
The 1860s were a period of growing protectionism in the United States, while the European free trade phase lasted from 1860 to 1892. The tariff average rate on imports of manufactured goods in 1875 was from 40% to 50% in the United States, against 9% to 12% in continental Europe at the height of free trade. [44]
Jacquelyn Martin/AP Last month, President Barack Obama included in his State of the Union address a plea to Congress to raise the hourly minimum wage to $10.10. Some people support the idea.
West Virginia’s median annual salary is $55,217, and while the cost of living there is relatively low, a living wage is still $6,625 more than the typical salary. Sean Pavone / Getty Images ...
In United States history, the Gilded Age is the period from about the late 1870s to the late 1890s, which occurred between the Reconstruction era and the Progressive Era. It was named by 1920s historians after Mark Twain's 1873 novel The Gilded Age: A Tale of Today. Historians saw late 19th-century economic expansion as a time of materialistic ...