According to Investopedia, "A living wage is?a socially acceptable level of income that provides a ...

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According to Investopedia, "A living wage is?a socially acceptable level of income that provides adequate coverage for basic necessities such as food, shelter, child services, and healthcare. The living wage standard allows for no more than 30% to be spent on rent or a mortgage and is sufficiently higher than the poverty level." The majority of companies are required to pay a minimum wage which is significantly lower than the living wage. The Massachusetts Institute of Technology provides a living wage calculator for a number of communities throughout the U.S.: https://livingwage.mit.edu/ Using at least 500 words and two resources: Select one community, report on the living wage, and then discuss your opinion as to whether companies should be obligated to pay a living wage in that community? Discuss the ramifications if companies pay the living wage. Include the perspectives of the stakeholders – the companies and the businesses in those communities.