Fair wages

Definition

Fair wages refer to the concept of providing workers with a salary that is just, reasonable, and sufficient for meeting their basic needs. It involves compensating employees appropriately for their labor and ensuring they receive a wage that reflects the value of their work.

Related terms

Labor unions: Organizations formed by workers to advocate for better working conditions, including fair wages.

Minimum wage: The legally mandated lowest hourly rate that employers must pay their employees.

Living wage: A wage level that allows workers to cover basic expenses such as food, housing, and healthcare without experiencing financial hardship.