The Economic and Ethical Implications of Living Wages
Journal Title: Religions - Year 2017, Vol 8, Issue 4
Abstract
Although rhetoric about wages and jobs often emphasizes the effects of globalization, questions remain as to whether United States workers are paid adequately to sustain a reasonable standard of living. One solution is to implement a living wage, which is accurate and specific to a local economy but more computationally complex than a one-size-fits-all minimum wage. When considered economically, a living wage has the potential to increase business and production costs as well as lower profits and cause job loss. From ethical viewpoints articulated in Catholic social thought, sustainable wages enhance human dignity by supporting human agency, encouraging creativity, and permitting contributions to the common good. This article explores whether the positive ethical outcomes of implementing a living wage outweigh any possibly negative, unintended economic results.
Authors and Affiliations
Joyce Ann Konigsburg
Keywords
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- EP ID EP25710
- DOI https://doi.org/10.3390/rel8040074
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