Just Economics recognizes businesses paying a ‘living wage’
Kelly | 5 June 2008Carolina Mornings is part of a growing list of certified ‘living wage’ businesses, as determined by Just Economics. The Mountain Xpress recently featured the organization and the current list of certified businesses in the article Living wage issue picking up steam.
Here is an excerpt from the article:
Living-wage proponents have long maintained that paying workers enough to meet their basic expenses in the local economy is ultimately good for businesses as well. Now, with the issue gaining traction here, a small but growing number of employers are taking the pledge and getting certified by Just Economics, a local nonprofit, says staffer Sarah Osmer.
Launched in March, the free, voluntary program has certified 38 businesses, nonprofits, churches and other employers (see sidebar, “Certified”). For businesses, says Osmer, the biggest immediate payback is the ability to market themselves as a responsible and sustainable employer in a city filled with discriminating consumers. Employers needing time to reach the appropriate wage levels can get probationary certification that gives them two years, with benchmarks to be met along the way.
According to the article, Just Economics has determined that the living wage in the Asheville area is $22,700 per year ($11.35 per hour) or $19,700/yr ($9.85/hr) for an employer providing health insurance, based on Housing and Urban Development’s annual calculation of Fair Market Rent. Important to note that Osmer adds that this is the bare minimum.