This article theoretically studies concepts such as poverty and destitution, primarily in relation to the level of living of the population, the goods they consume, and the standard of living in general. New approaches to solving problems related to the lifestyle of the population, labor relations in an enterprise (organization, firm, company), regulation of labor remuneration, evaluation of employee services, the essence and basic laws of regulating wages and social and labor relations in general are theoretically studied and investigated.