What is the cost of living? How is it determined?
| August 20, 2021 | education
A living wage is the minimum amount of money a person needs in order to live a certain period. It is customary to calculate the minimum living wage for a month. But the algorithm for calculating it is much broader. This takes into account the minimum amount of food, hygiene products, clothing, utilities and other costs without which a person cannot live. So, for example, it is calculated that a person should buy shoes every three years, a fur coat every five years, and the like.
One of the components of a person's success in our time is receiving modern high-quality education, mastering the knowledge, skills and abilities necessary for life in society. A person today needs to study almost all his life, mastering everything new and new, acquiring the necessary professional qualities.
