Definition, Meaning & Synonyms

subsistence-wage

noun

/səbˈsɪstəns weɪdʒ/

Definition

A subsistence wage is the minimum income necessary for a worker to meet their basic needs for living.

Examples

Many workers in low-paying jobs struggle to survive on a subsistence wage.
The debate over raising the minimum wage often includes discussions about subsistence wages.
Subsistence wages can lead to poverty and economic instability in communities.

Meaning

It refers to the lowest amount of pay that allows individuals or families to maintain a basic standard of living, covering essential expenses such as food, shelter, and clothing, without any excess for luxuries or savings.