Elements
A system of guaranteed minimum income can consist of several elements, most notably:
- a minimum wage, either set by law or resulting from negotiations of employers or their organizations with trade unions;
- a calculation of the social minimum, usually below the minimum wage;
- a safety net, to help citizens or families without sufficient financial means survive at the social minimum. This may be a transfer or, in some cases, a loan, and is generally conditional to availability for work, performance of community services, some kind of social contract, or commitment to a reintegration trajectory;
- child support by the state;
- student loans and grants;
- state pension for the elderly.
Read more about this topic: Guaranteed Minimum Income
Famous quotes containing the word elements:
“In spite of all their kind some elements of worth
With difficulty persist here and there on earth.”
—Hugh MacDiarmid (1892–1978)
“Nature confounds her summer distinctions at this season. The heavens seem to be nearer the earth. The elements are less reserved and distinct. Water turns to ice, rain to snow. The day is but a Scandinavian night. The winter is an arctic summer.”
—Henry David Thoreau (1817–1862)
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—Madeleine [Blair], U.S. prostitute and “madam.” Madeleine, ch. 5 (1919)