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

Minimum wage and living wage are two terms often used to describe wages paid for work. In Mississippi, the minimum wage for non-exempt employees is $7.25 per hour. This is the lowest legal wage an employer can pay an employee for each hour of work. A living wage, on the other hand, is the estimated income that an individual must earn to meet their basic needs, such as housing, nutrition, transportation, health care, and more. The living wage for a single adult in Mississippi is estimated to be around $12.50 per hour. This is significantly more than the minimum wage and provides more stable financial support for individuals and families. The primary difference between a minimum wage job and a living wage job is the income earned. A minimum wage job provides income at or below the legal minimum wage, while a living wage job provides income that is sufficient to meet a person’s basic needs. The minimum wage is set to help ensure that employers pay a fair wage for the work done, while the living wage is set to help ensure that employees have enough income to support themselves and their families. It is important to note, however, that even if a job pays the minimum wage, employees may be eligible for benefits such as health insurance and other forms of compensation. Ultimately, it is important for employers and employees to understand the difference between minimum wage and living wage jobs, as this can determine an employee’s financial stability.

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

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