A living wage standard: A case study of the US Virgin Islands
While a minimum wage standard refers to the lowest wage allowed by law, a living wage attempts to address issues of well-being and dignity. A minimum wage is not a living wage; a minimum wage may not allow low-wage workers a minimally secure way of life. For many communities, their minimum wageâ€”even those set above the federal levelâ€”does not allow low-wage workers to meet their very basic living needs such as food, shelter, and basic medical care. If a community is successful in the passage of a living wage standard, the living wage becomes the legal minimum wage for the regulated businesses and institutions. Thus, living wage initiatives represent an approach to raising the minimum wage for the affected businesses regulated by the law. In 2008, the US Virgin Islands (USVI) Legislature decided to pass Act 7027 which required the USVI Bureau of Economic Research to develop an economic Self-Sufficiency Standard for the USVI. This current study, conducted by the authors, does not address arguments for a living wage based on morality; rather this study addresses the economic logic of a living wage by assessing the economic effects for the USVI.
Volume (Year): 27 (2012)
Issue (Month): 5-6 (August)
|Contact details of provider:|| Web page: http://www.lsbu.ac.uk/index.shtml|
When requesting a correction, please mention this item's handle: RePEc:sae:loceco:v:27:y:2012:i:5-6:p:541-557. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.