Guaranteed Minimum Income - Elements

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 verse one can take any damn constant one likes, one can alliterate, or assone, or rhyme, or quant, or smack, only one MUST leave the other elements irregular.”
    —Ezra Pound (1885–1972)

    “Icebergs behoove the soul
    (both being self-made from elements least visible
    to see them so; fleshed, fair, erected indivisible.”
    —Elizabeth Bishop (1911–1979)

    “The poem has a social effect of some kind whether or not the poet wills it to have. It has kinetic force, it sets in motion ... [ellipsis in source] elements in the reader that would otherwise be stagnant.”
    —Denise Levertov (b. 1923)