Living wage is the minimum income necessary for a worker to meet basic needs for an extended period of time or for a lifetime. These needs include shelter (housing) and other incidentals such as clothing and nutrition. Living wage is closely related to the idea of wage equity. The principle of wage equity pushes organizations to narrow the gap between the highest paid and lowest paid employee so that there is more equity in the organization.
Why this Matters
For My Organization
Providing at least living wage can improve employee retention as well as ensure fair pay for all employees.
For New Orleans
Keeping New Orleanians on a living wage helps individuals stay healthy and builds a stronger, more content workforce.