Living wage and business ethics

Werner, Andrea ORCID logoORCID: (2020) Living wage and business ethics. In: Encyclopedia of Business and Professional Ethics. Poff, Deborah and Michalos, Alex, eds. Springer, Cham, Switzerland. e-ISBN 9783319235141. [Book Section] (doi:10.1007/978-3-319-23514-1_1228-1)

[img] PDF - Final accepted version (with author's formatting)
Restricted to Repository staff and depositor only

Download (176kB)


The Living Wage (LW) is based on the idea that workers (and their dependents) should be able to afford a basic but decent living standard from the wages they earn. The LW is a “relative” concept as it is set by the standards of the community in which the workers live and work (Stabile 2008). It is to be contrasted with the National Minimum Wage (NMW), a “wage floor,” which stipulates the minimum pay per hour to which workers are legally entitled. NMWs are not necessarily living wages, as in many national contexts they are rather cautiously set so as to ensure affordability for businesses and not to “undermine” economic competitiveness. [...]

Item Type: Book Section
Keywords (uncontrolled): Fair wage, just wage, subsistence wage
Research Areas: A. > Business School > International Management and Innovation
Item ID: 31913
Useful Links:
Depositing User: Andrea Werner
Date Deposited: 11 Feb 2021 08:29
Last Modified: 11 Feb 2021 08:29

Actions (login required)

View Item View Item


Activity Overview
6 month trend
6 month trend

Additional statistics are available via IRStats2.