Magazine
Latest Issue

Ignore the naysayers—a higher minimum wage makes sense

Both main parties have pledged to increase it in their manifestos. This is unlikely to harm employment growth; it could even help remedy the UK’s crippling productivity problem

By Duncan Weldon  

Jeremy Corbyn, Leader of the Labour Party, launches his party's 2017 election manifesto. Photo: Isabel Infantes/EMPICS Entertainment

Whether the next prime minister is Theresa May or Jeremy Corbyn, one thing looks certain—the National Minimum Wage (or the National Living Wage as George Osborne rather cheekily rebranded it) is set to rise. The Conservatives have pledged to raise the wage floor up to 60 per cent of median earnings by 2020, equating to a minimum wage of around £9 an hour, whilst…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect