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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.
Side jobs may be done out of necessity, when one's income from their main job is insufficient to support them, or simply out of a desire to earn more income. Working a side job can also, informally, be called moonlighting , usually when it is performed after normal working time .
In 1992 Robert Chambers and Gordon Conway [8] proposed the following composite definition of a sustainable rural livelihood, which is applied most commonly at the household level: "A livelihood comprises the capabilities, assets (stores, resources, claims and access) and activities required for a means of living: a livelihood is sustainable ...
Financial independence is a state where an individual or household has accumulated sufficient financial resources to cover its living expenses without having to depend on active employment or work to earn money in order to maintain its current lifestyle. [1]
According to Marxism, capitalism is based on the exploitation of the proletariat by the bourgeoisie: the workers, who own no means of production, must use the property of others to produce goods and services and to earn their living. Workers cannot rent the means of production (e.g. a factory or department store) to produce on their own account ...
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Standard of living is the level of income, comforts and services available to an individual, community or society. A contributing factor to an individual's quality of life , standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic , societal, political, and environmental matters ...
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