Week 7 Assignment BUSN410
BUSN410
The Living Incongruity
BUSN410
American Public University System
In a very real sense, people should not struggle to provide for themselves or for others. A living
wage, the concept is quite vague, pertains to the cost of overall living expenditures. This argument is all
about earning a living wage: Is it sufficient to live? And what is living wage, anyway? Quite often, you
will see news articles or articles addressing minimum wage, living wage and/or poverty. Most articles
revolve around McDonald's. Reports transpired through media that a strike protest congregated set
against Fast Food corporations.
What is a living wage? A living wage should cover the basic living costs of three consumption
units, which translates to one working adult, one child-caring adult and two children, for example, or
one working adult and two elderly adults. (Labour Behind the Label, 2014). Elaborating on the
meaning of 'living wage' should be measured from four points: The legal wage standard? The industry
wage standard? Does it provide for a worker and their family's needs? Does it provide discretionary
income standards?
Concerning legality, the first standard, the United States businesses are required to pay
minimum wage. The Federal Minimum wage is $7.25 per hour with individuals' states setting higher
salaries as they see fit. For example, Virginia has a standard minimum wage of $7.25 per hour, as set
by the state. The Massachusetts Institute of Technology provides that for a family of four, two adults
and two children have a poverty wage of $6.03 per hour. A living wage for the same family is $19.17
per hour in the state of Virginia (MIT, 2012). As stated, the poverty level is $1.22 more than the
minimum wage and $13.14 less than a living wage.
The booming Fast Food Industry service generated a revenue of 256 billion U.S. dollars in
2018. (Lock, 2019). Consequently, the corporation paid its shareholders the equivalent of $14,286 per
worker before net profits were declared (Patton, 2012). With some calculations and assumptions, the
average worker is paid $15,392 annually under the assumptions they are working 40 hours a week. For
the first standard, corporations are meeting the legal wage requirements per both Federal and State
requirements.
With the provided information above, the following standard of the industry is a challenging
area between corporations and workers. Frankly, a corporation values its shareholders as equivalent to
their employees without shared labor. Workers at McDonald’s, Popeye’s, Taco Bell, and Long John
BUSN410
The Living Incongruity
BUSN410
American Public University System
In a very real sense, people should not struggle to provide for themselves or for others. A living
wage, the concept is quite vague, pertains to the cost of overall living expenditures. This argument is all
about earning a living wage: Is it sufficient to live? And what is living wage, anyway? Quite often, you
will see news articles or articles addressing minimum wage, living wage and/or poverty. Most articles
revolve around McDonald's. Reports transpired through media that a strike protest congregated set
against Fast Food corporations.
What is a living wage? A living wage should cover the basic living costs of three consumption
units, which translates to one working adult, one child-caring adult and two children, for example, or
one working adult and two elderly adults. (Labour Behind the Label, 2014). Elaborating on the
meaning of 'living wage' should be measured from four points: The legal wage standard? The industry
wage standard? Does it provide for a worker and their family's needs? Does it provide discretionary
income standards?
Concerning legality, the first standard, the United States businesses are required to pay
minimum wage. The Federal Minimum wage is $7.25 per hour with individuals' states setting higher
salaries as they see fit. For example, Virginia has a standard minimum wage of $7.25 per hour, as set
by the state. The Massachusetts Institute of Technology provides that for a family of four, two adults
and two children have a poverty wage of $6.03 per hour. A living wage for the same family is $19.17
per hour in the state of Virginia (MIT, 2012). As stated, the poverty level is $1.22 more than the
minimum wage and $13.14 less than a living wage.
The booming Fast Food Industry service generated a revenue of 256 billion U.S. dollars in
2018. (Lock, 2019). Consequently, the corporation paid its shareholders the equivalent of $14,286 per
worker before net profits were declared (Patton, 2012). With some calculations and assumptions, the
average worker is paid $15,392 annually under the assumptions they are working 40 hours a week. For
the first standard, corporations are meeting the legal wage requirements per both Federal and State
requirements.
With the provided information above, the following standard of the industry is a challenging
area between corporations and workers. Frankly, a corporation values its shareholders as equivalent to
their employees without shared labor. Workers at McDonald’s, Popeye’s, Taco Bell, and Long John
