A living wage, a sound urbanization policy and social stability

Perspectives

[dropcap font=”0″]A[/dropcap] living wage is the minimum income necessary for a worker to meet their needs that are considered to be basic. The needs include shelter and other incidentals such as clothing and nutrition. However, the living wage differs from the minimum wage in that the latter is set by law and so can fail to meet the requirements for a basic quality of life.
The cost of living includes a wide range of expenditures from shelter to medical treatments. Among them shelter is the most important. When people lack shelter, they cannot feel secure about their daily lives. In this circumstance, the cost of rent for grassroots people who do not have their own shelter should not be a heavy burden. Even if they do not possess their own shelter unfortunately, they need affordably priced shelters.
While cities are growing at unprecedented and challenging speeds, the cost of shelter is rising. As cities develop, a better urbanization policy will be required. In a developing country, the problem of income gaps cannot be solved in the short-term. Therefore, policy should be designed to improve the living conditions of grassroots people, especially in slums and hazard-prone areas.
Both the urbanization policy and job creation are important to improve the lives of low-income people. Only then will all citizens be able to enjoy social stability. Various stakeholders such as officials from national and local governments and private sector groups should collaborate to realize a good urbanization programme. The difficulties of the vulnerable should be tackled with serious measures to prove the success of economic transformation.

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