Theology Vocab 1/22/25

Economic Globalization - An interdependence of nations around the globe fostered through free trade

Economic Initiative - The right to be self-employed, to start a business, and to expand one’s business.

Living Wage - A wage that enables workers to support a decent life for themselves and their families

Objective Aspect of Work  -What the worker produces as a result of their work.

Subjective Aspect of Work - What the worker experiences in the action of working.

Work - Any sustained effort expended for a purpose that makes a difference in the world.

Wage theft - The denial of wages or employee benefits rightfully owed to employees. It can occur in various ways, such as failing to pay overtime, violating minimum-wage laws, forcing employees to work “off the clock,” and misclassifying employees as independent contractors to avoid paying benefits

Indirect Employer - Any policy-making institution that helps regulate what employers may or may not do.