Magazine
Latest Issue

The quiet success of the higher minimum wage

Effective and popular, now’s the time to build on the wage with a full low pay strategy

By Conor D'Arcy  

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…

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

More From Prospect