Why the living wage matters?

The debate between minimum wage and living wage is more than just an economic issue; it's a matter of basic human dignity. While the minimum wage sets a legal floor for earnings, it often falls short of covering the real cost of living, especially in cities where housing, food, and healthcare are becoming increasingly unaffordable.
As a result, many full-time workers still struggle to meet their basic needs despite being employed. A living wage, on the other hand, reflects the income necessary for a person or family to live decently without financial hardship.
It promotes economic stability, reduces dependence on social welfare programs, and improves employee morale and productivity. Critics argue that raising wages may burden businesses, but evidence from companies that already pay a living wage shows increased retention and better performance.
To ensure fair economic growth, policymakers must focus not just on employment, but on the quality of income. No one who works full-time should live in poverty.
Rahim Hossain
Student
Bachelor of Business Administration
North South University
rahim.hossain01@northsouth.edu