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About: Minimum Income Standard     Goto   Sponge   NotDistinct   Permalink

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The Minimum Income Standard (MIS) is a research method developed in the UK, and now applied in other countries, to identify what incomes different types of households require to reach a socially acceptable living standard. The term has also been used to describe political criteria used openly or implicitly by some governments to assess the adequacy of income levels. MIS is the basis for the calculation of the UK living wage.