Question

question 5 of 10
which phrase describes a living wage?

a. the most efficient wage created by the labor market.

b. the most equitable wage employees can make from employers

c. the minimum income needed for employees to meet their needs

d. the lowest hourly wage employers can pay employees

Explanation:

A living wage is defined as the income level required to cover basic essential needs like food, housing, and healthcare for an employee and their household, distinguishing it from market-efficient wages, general equitable wages, or the legal minimum wage (option D).

Answer:

C. The minimum income needed for employees to meet their needs