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

The main difference between a minimum wage job and a living wage job is the amount of money earned. In Nevada, the current minimum wage is $8.25 per hour. All employers are legally required to pay a minimum wage to their employees, though certain exemptions may apply. A living wage is higher than the minimum wage and is the amount of money that would be required for a worker to sustain a basic, yet decent, standard of living. A living wage is calculated based on the cost of living in the specific area or region. In Nevada, the living wage is estimated to be around $11.50 per hour. A minimum wage job is only enough to cover basic needs such as food, shelter, and transportation, while a living wage job allows a worker more financial stability and stability in terms of other measures of quality of life, such as health care or leisure activities. In addition, a living wage job may provide better job security and opportunities for career advancement. Overall, the main difference between a minimum wage job and a living wage job is the amount of money earned. A minimum wage job is the legal minimum that employers must pay in Nevada according to state and federal laws, while a living wage job is the amount of money needed to support a decent standard of living.

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

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