...policy. Now, the UK is entering a new era for the minimum wage - the National Living Wage. The key difference from the minimum wage as previously understood is that...
Age/group Previous hourly rate New hourly rate National Living Wage (25+) £7.20 £7.20 21-24 year olds £6.70 £6.95 18-20 year olds £5.30 £5.55 16-17 year olds £3.87 £4.00 Apprentices £3.30 £3.40 On Saturday (1 October), the minimum wages for workers …
A wide range of evidence suggests that the National Minimum Wage (NMW) has succeeded in raising pay for the lowest-paid workers significantly without damaging employment or the economy. However, the benefits of the NMW have been more muted for workers …
Minimum wage compliance matters. It matters to employers, because the compliant employer does not want to be undercut by the unscrupulous employer flouting the law. It matters to workers because they need to be assured of their promised level of …
We have recently seen further public naming of firms found to be non-compliant with the National Minimum Wage. It follows closely on the heels of plans announced by the government...
...period 2007-2011. But from 2011-2014 we reluctantly recommended lower increases in the minimum wage in light of evidence of high unemployment and falling real wages following the recession. Initial econometric...
