What anti-poverty strategy aims to adjust minimum wage policies locally based on living costs?

The living wage campaign is focused on implementing wage levels that reflect the actual cost of living in a specific area. This strategy advocates for wages that are not merely a set minimum but are adjusted based on local economic conditions, including factors such as housing costs, transportation, and the cost of basic needs.

The goal of a living wage is to ensure that individuals can earn enough to cover their living expenses, which can significantly reduce poverty rates and improve overall quality of life for workers. This approach recognizes that a one-size-fits-all minimum wage may not be sufficient in areas where living costs are particularly high, thereby addressing economic disparities more effectively.

In contrast, universal basic income provides a fixed amount of money to all citizens, regardless of their employment status, rather than adjusting wages based on living costs. Minimum wage adjustment typically refers to legislative changes that apply uniformly rather than being tailored to local conditions. Workforce development focuses on improving skills and job opportunities for individuals but does not directly address wage levels. Therefore, the living wage campaign stands out as the most relevant anti-poverty strategy addressing the local adjustment of wages based on living costs.