Fair wages refer to compensation that is just and equitable for the work performed by employees. This concept ensures that workers receive a salary that reflects their skills, experience, and the cost of living in their area. Fair wages aim to provide a decent standard of living, allowing individuals to support themselves and their families. The idea of fair wages is often linked to discussions about minimum wage laws, living wage standards, and labor rights. Advocates argue that fair wages contribute to economic stability and social justice, helping to reduce poverty and improve overall quality of life for workers.