Living wage in the context of "Novelist"

⭐ In the context of a novelist, a living wage is considered…

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⭐ Core Definition: Living wage

A living wage is defined as the minimum income necessary for a worker to meet their basic needs. This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity. Needs are defined to include food, housing, and other essential needs such as clothing. The goal of a living wage is to allow a worker to afford a basic but decent standard of living through employment without government subsidies. Due to the flexible nature of the term "needs", there is not one universally accepted measure of what a living wage is and as such it varies by location and household type. A related concept is that of a family wage – one sufficient to not only support oneself, but also to raise a family.

The living wage differs from the minimum wage in that the latter can fail to meet the requirements for a basic quality of life, which leaves the worker to rely on government programs for additional income. Living wages have typically only been adopted in municipalities. In economic terms, a minimum wage is a price floor for labor created by a legal threshold, rather than a reservation wage created by price discovery. The living wage is one possible guideline for determining a target price floor, while a minimum wage is a policy to enforce a chosen price floor.

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πŸ‘‰ Living wage in the context of Novelist

A novelist is an author or writer of novels, though often novelists also write in other genres of both fiction and non-fiction. Some novelists are professional novelists, thus make a living writing novels and other fiction, while others aspire to support themselves in this way or write as an avocation. Most novelists struggle to have their debut novel published, but once published they often continue to be published, although very few become literary celebrities, thus gaining prestige or a considerable income from their work.

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Living wage in the context of Price controls

Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or alternatively to ensure a minimum income for providers of certain goods or to try to achieve a living wage. There are two primary forms of price control: a price ceiling, the maximum price that can be charged; and a price floor, the minimum price that can be charged. A well-known example of a price ceiling is rent control, which limits the increases that a landlord is permitted by government to charge for rent. A widely used price floor is minimum wage (wages are the price of labor). Historically, price controls have often been imposed as part of a larger incomes policy package also employing wage controls and other regulatory elements.

Although price controls are routinely used by governments, Western economists generally agree that consumer price controls do not accomplish what they intend to in market economies, and many economists instead recommend such controls should be avoided; however, since the credibility revolution started in the 1990s, minimum wages have found strong support among some economists.

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Living wage in the context of Rerum Novarum

Rerum novarum, or Rights and Duties of Capital and Labor, is an encyclical issued by Pope Leo XIII on 15 May 1891. It is an open letter, passed to all Catholic patriarchs, primates, archbishops, and bishops, which addressed the condition of the working class. It discusses the relationships and mutual duties between labor and capital, as well as government and its citizens. Of primary concern is the need for poverty amelioration of the working class. It supports the rights of labor to form trade unions, and rejects socialism and laissez-faire capitalism, or unregulated, brutal capitalism, while affirming the right to private property and to a living wage.

A foundational text of modern Catholic social teaching, many of the positions in Rerum novarum are supplemented by later encyclicals, in particular Pius XI's Quadragesimo anno (1931), John XXIII's Mater et magistra (1961), Paul VI's Octogesima adveniens (1971), and John Paul II's Centesimus annus (1991), each of which commemorates an anniversary of the publication of Rerum novarum. It also inspired Catholic activism, and influenced distributists and supporters of corporatism. Socialists generally contest the encyclical's interpretation of socialism, and some socialists, particularly Catholic socialists, interpret Rerum novarum as not rejecting socialism, argue that divine law justifies the abolition of private property, and emphasize its anti-capitalist character.

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Living wage in the context of Green Party of England and Wales

The Green Party of England and Wales (GPEW; Welsh: Plaid Werdd Lloegr a Chymru), often known simply as the Green Party or the Greens, is a green, left-wing political party in England and Wales. Since September 2025, Zack Polanski has served as the party's leader. The party currently has four representatives in the House of Commons and two in the House of Lords, in addition to more than 890 councillors at the local government level and three members of the London Assembly.

The party's ideology combines environmentalism with left-wing economic policies, including well-funded and locally controlled public services. It advocates a steady-state economy with the regulation of capitalism, and supports proportional representation. It takes a progressive approach to social policies such as civil liberties, animal rights, LGBTQ rights and drug policy reform. The party also supports a universal basic income, a living wage and democratic participation. It has taken a pro-immigration stance. It is split into various regional divisions, including the semi-autonomous Wales Green Party and is internationally affiliated with the Global Greens and the European Green Party.

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Living wage in the context of Family wage

A family wage is a wage that is sufficient to raise a family. This contrasts with a living wage, which is generally taken to mean a wage sufficient for a single individual to live on, but not necessarily sufficient to also support a family.

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