About this site

This website focuses on issues regarding social protection in Asia and the activities done by the Network on Social Protection Rights (INSP!R) and its members. It is under the editorial oversight from the Asia Steering Committee, composed out of members from India, Bangladesh, Nepal, Cambodia, Indonesia and Philippines. It is meant to foster dialogue and share experiences.
The articles describe challenges and achievements to improve the right to social protection to workers in the region, with a specific focus to gender, youth and informal workers.

22 June 2016

Minimum vs fair vs living wage – concepts


  • Minimum wage: the lowest remuneration that employers may legally pay to workers.
  • Fair wage: basically, somewhere between the living wage and the minimum wage. ‘Wage levels and wage-fixing mechanisms that provide a living wage floor for workers but ensure competitiveness and refers to skills, tendencies in the sector or country standards, but not to the needs of workers.
  • Living wage: the minimum income necessary for a worker to meet their needs that are considered to be basic, to maintain a safe, decent standard of living within the community. It should allow a worker to be able to buy food for him/herself and family, pay the rent, pay for healthcare, clothing, transportation and education and have a small amount of savings for when something unexpected happens. 
Posted by at
Labels: ,

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)