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
Louisville’s living wage is estimated at $16-18/hour for single adults, $30-35/hour for single parents with two children. Kentucky minimum wage is just $7.25/hour—less than half what’s needed. An estimated 40-50% of Louisville workers earn below 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.
Dave’s Proposal
All city contracts and economic development incentives require minimum $15/hour wage floor, with preference for higher wages. Gradually increase floor to track living wage calculations.