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Living wages are key to poverty eradication
Tuesday, June 15th, 2010
June 14, 2010
A worldwide movement is gaining momentum to disrupt complacency about poverty… a robust social movement has been devising creative solutions that meld progressive ideals with a pro-business approach to ensure that people with jobs can actually provide for their families… A study of L.A.’s 1997 living-wage law… discovered that the ordinance had increased pay for an estimated 10,000 jobs. Employment reductions amounted to 1%, or an estimated loss of 112 jobs. Most firms gained from reduced employee turnover, which can be costly and disruptive.
Tags: economy, poverty, standard of living
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