B Lab Breakdown | Living Wage for Business
Автор: B Corporation
Загружено: 2022-08-11
Просмотров: 1390
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What is a living wage?
A living wage is a human right — a wage that allows an individual to afford a decent standard of living for themself and for their family. It is also an enabling right, meaning it allows other human rights to be fulfilled (e.g. right to education, right to health). Unlike minimum wages, which are the lowest permitted by law, living wages are based on benchmarks driven by field research and determined by specialist organizations.
By paying a living wage — going beyond the legal minimum to provide people with the resources needed to support themselves and their families — companies transform patterns of exclusion and oppression into empowerment.
B Lab is adding new application guidance to the B Impact Assessment that will recognize new benchmarks and accreditations for companies providing a living wage. We take a look at what defines a living wage with Bernard Gouw, Senior Manager Social Standards at B Lab Global, and how it can be a tool for building an inclusive economy.
Want to learn more? Read our latest blog 🔍 https://www.bcorporation.net/en-us/ne...
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