How do you calculate a living wage?

We went through ACCOUNTABLE to verify our lowest wage is a living wage. Their methodology looks at a combination of the leading industry standards—Wage Indicator and Trading Economics—local cost of living data, and survey data from the facilities they audit. Based on those data points, they determine the living wage by working with partners in the factory’s local community and the auditor. Elements of a living wage include nutrient-rich food, water, housing, education, healthcare, transportation, childcare, clothing and other essential needs, and savings for unexpected events.