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 in North Carolina is mainly based on how much employees are paid per hour. In North Carolina, the minimum wage is set at $7.25 per hour, which is the same rate for the federal minimum wage. Although this rate meets the minimum legal requirement for employers to pay their employees, it is still considered a low wage. Living wages are wages that are higher than the minimum wage and are intended to cover the basic cost of living for an individual or family. In North Carolina, the living wage is currently set at $15.37 per hour for one adult with no dependents. This rate is considerably higher than the minimum wage and allows employees to cover their basic living costs, such as housing, transportation, and food. Overall, North Carolina has set a lower minimum wage than many other states and localities. Although this rate meets the legal minimum wage requirements, it is still considered to be below the living wage rate, which is intended to provide a more secure and comfortable standard of living for employees. For this reason, it is important for employers to consider providing higher wages for their employees in order to ensure that they can cover their basic living costs.

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

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