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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 Labour…

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