Economy, asked by DevduttNair1352, 1 year ago

Distinguish between minimum wages living wages and fair wages

Answers

Answered by SuperstarPiyush

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 minimumincome necessary to pay for basic needs based on the cost of living in a specific community.

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