A living wage would not only have a positive effect on employee well-being, which improves productivity and reduces employee turnover; it also would increase the buying power of citizens, which is good for the economy and the company itself.
Why Paying Fast Food Workers $15 per hour (a Living Wage) is Good for the Economy: What Would Henry Ford Do.
As an economist who analyzes living wages and the cost of living, a living wage for an individual worker in the US or Canada would range between $13-$15 per hour. Anyone can do the math: just consider the actual costs of living in your community...
A recent Wall Street Journal/NBC News poll found that 63 percent of Americans “strongly favor” raising the minimum wage to $10.10 per hour...yet it remains at 7.25 - what's widely considered to be a "poverty wage".