Effective and popular, now’s the time to build on the wage with a full low pay strategyby Conor D'Arcy / May 23, 2018 / Leave a comment
Bad policies get the most attention. Whole books have been written on government interventions that achieved the exact opposite of what they intended, or eventually delivered at miles over budget. That’s why the UK’s minimum wage—effective, popular and cheap—feels like such a rare thing.
The latest evidence confirms the minimum wage’s continued success. Since 2016, the National Living Wage (NLW)—the higher minimum wage for those aged 25 and over—has brought the legal wage floor from £6.70 to £7.83. Thanks to this, the hourly pay growth of low earners has far outstripped that of workers further up the pay scale.