Economy, asked by sajalsahu3190, 10 months ago

Difference between w minimum wage and living wage in india

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Answered by MohammedGhouse7
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Difference between minimum wage fair wage and living wage

Fair Wages are minimum wage rates for specific occupations. They must be paid by contractors doing work for governments with fair wage policies. ... A Living Wage is the wage needed to provide the minimum income necessary to pay for basic needs based on the cost of living in a specific community...

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