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- Living Wage
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Living wage is a term used to describe the minimum hourly wage necessary for a person to achieve some specific standard of living. this standard generally means that a person working forty hours a week, with no additional income, should be able to afford a specified quality or quantity of housing, food, utilities, transport, health care, and recreation. This concept differs from the minimum wage in that the latter is set by law and may fail to meet the requirements of a living wage.
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