Economic justice is a moral philosophy for how economic institutions are constructed within a society. The underlying goal is making sure every community member has the opportunity to create enough income to have a full and satisfying life beyond basic physical needs or “financial solvency.” Economic justice looks beyond strict economic policy to other societal institutions in order to ensure that all opportunities relating to an individual’s opportunity to participate in the economy are equitable and allow for a healthy and well-rounded work-life balance: affordable housing, need-based government loans for higher education, minimum wage, overtime, and equal opportunity employment laws are all examples of economic justice.
It’s all right to tell a man to lift himself by his own bootstraps, but it is cruel jest to say to a bootless man that he ought to lift himself by his own bootstraps.
