Living wage in terms of performance, commitment and well-being in university teachers

Abstract

Increases in the living wage are technically analyzed in terms of underlying inflation and other factors; a similar situation occurs with the amount of stipends granted to professionals for their work in different companies, but no factor analyzes how living wage may or may not be. Under this premise, and through a qualitative approach of phenomenological-hermeneutic design, this article describes how earning a living wage affects performance, commitment and well-being. The information was provided by a group of teachers from private, state and church universities in the city of Lima. The research provides information about the reality faced by university teaching professionals, providing details that could contribute to the reformulation of policies for the fair redistribution of wealth and salaries that meet the needs of professionals and their families.