Living Wage
Definition
The hourly wage needed for a full-time worker to afford basic necessities (housing, food, healthcare, transportation) in a specific area. Higher than minimum wage. Calculated based on local cost of living.
Louisville Context
A living wage is well above the minimum wage, especially for single parents with children. Kentucky’s minimum wage is $7.25/hour (U.S. Department of Labor, state minimum wage laws). Many Louisville workers earn below a living wage, forcing reliance on public assistance even while working full-time.
Why It Matters
When companies pay below living wage, taxpayers subsidize them through food stamps, Medicaid, and housing assistance for workers. Living wage requirements mean companies—not taxpayers—cover the full cost of employment.
My Proposal
City contracts and economic development incentives carry a $15/hour floor as a condition of Metro incentives and contracts, where state law allows, not a citywide minimum wage, with preference for higher wages. Gradually increase floor to track living wage calculations.