Living Wage

  

There's a dying wage. But that was on Game of Thrones, and it didn't help the White Walkers all that much.

A living wage refers to the minimum amount of money a worker can make to, um...live. Or at least to live a reasonably decent quality of life, without having to live in a hovel, forego heat in the winter, and subsist on ramen.

The notion of a living wage comes into the discussion often when cities grow big and powerful and expensive, and the normal work-a-day working people can no longer afford to live there.

See: Minimum Wage. See: Subsidies.

Find other enlightening terms in Shmoop Finance Genius Bar(f)