Prelims 2024 Must Know- Difference between Living Wage and Minimum Wage
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Prelims 2024 Must Know- Difference between Living Wage and Minimum Wage
Enrol in our Most Effective and Popular Prelims Course: https://sleepyclasses.com/rapid-revision-prelims-2024/ The ILO defines Living Wage as the income necessary for a worker to meet their basic needs, whereas minimum wage is the legal minimum set by governments, often below what is considered a living wage. The living wage is typically higher ...
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