What is the difference between a minimum wage job and a living wage job?

The difference between a minimum wage job and a living wage job boils down to the amount of money earned. In Arizona, the minimum wage is currently set at $12.15 per hour as of January 2021, but a living wage job would pay significantly more. A living wage is defined as a wage level necessary to provide workers and their families with the basic necessities of life. This includes purchasing power to buy healthy food, clothing, medical care, and other basic needs, as well as savings for emergencies and retirement. Minimum wage jobs are typically offered by employers who have few or no benefits and are mainly looking to hire part-time workers or people with limited experience and education. This means that even if an employee works full-time and puts in a lot of extra hours, they may still only be making minimum wage and as a result, not be able to cover all of their living expenses. Living wage jobs, on the other hand, typically offer more substantial benefits and often provide a greater level of job security. Living wage jobs tend to be full-time, and the wages earned are often higher than the legal minimum wage rate. A living wage job provides employees with more purchasing power than a minimum wage job, allowing them to more easily cover all of their living expenses. In conclusion, the difference between a minimum wage job and a living wage job is the amount of money earned. Minimum wage jobs tend to be part-time and low-skilled, while living wage jobs are full-time and often pay more than the legal minimum wage rate.

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What is the difference between a minimum wage job and a living wage job?

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