living wage

a wage on which it is possible for a wage earner or an individual and his or her family to live at least according to minimum customary standards.

1885–90 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
living wage
a wage adequate to permit a wage earner to live and support a family in reasonable comfort

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Something should really be said about the lack of health insurance or a living
  wage for graduate students.
It's worked for me to a limited extent, but it's not a living wage.
The poor receive fifth-rate educations, and get stuck in unskilled jobs that
  don't pay a living wage.
However it is important for companies to pay a decent, living wage.
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