A living wage is the minimum income necessary for a worker to meet their basic needs, including food, housing, healthcare, and transportation. It is designed to ensure that individuals can maintain a decent standard of living without relying on government assistance or multiple jobs. The concept varies by location, as the cost of living differs from one area to another. Many advocates argue that a living wage promotes economic stability and reduces poverty. Organizations like the Living Wage Foundation work to raise awareness and encourage businesses to pay their employees a living wage, which can lead to increased productivity and employee satisfaction.