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:
“An illustrious individual remarks that Mrs. [Elizabeth Cady] Stanton is the salt, Anna Dickinson the pepper, and Miss [Susan B.] Anthony the vinegar of the Female Suffrage movement. The very elements get the “white male” into a nice pickle.”
—Anonymous, U.S. women’s magazine contributor. The Revolution (August 19, 1869)
“The three great elements of modern civilization, gunpowder, printing, and the Protestant religion.”
—Thomas Carlyle (1795–1881)
“A party of order or stability, and a party of progress or reform, are both necessary elements of a healthy state of political life.”
—John Stuart Mill (1806–1873)