The National Minimum Wage (NMW) was introduced in the UK in 1999, with the goal of helping “as many low-paid workers as possible without any significant adverse impacts on inflation or employment” (Low Pay Commission, 2006) This essay will explore whether the minimum wage should be higher...
We analyze the impact of the UK national minimum wage (NMW) on the employment of young workers. The previous literature found little evidence of an adverse impact of the NMW on the UK labor market. We focus on the age-related increases in the NMW at 18 and 22 years of age. Using ...
Minimum wage: the National Living Wage has increased to £9.50 from April 1, 2022. Fuel duty: A 5p cut in duty, although prices are still surging. Universal Credit cuts: The additional£20 a week, given to benefit claimants during the pandemic, has been cut. Student loans: The repaym...
You must pay your employee the National Minimum Wage, or the National Living Wage, as a minimum. The wage you need to pay depends on their age. Employees aged 18–22 are entitled to the Minimum Wage, whilst those aged 23 and over are entitled to the Living Wage. From April 2022, the...
The increase of almost 10% will take hourly pay to £11.44 an hour, while National Minimum wage rates for younger workers will also rise, with 18-20-year-olds receiving an hourly boost of £1.11 to take the minimum wage to £8.60 per hour. ...
"The effect of the national minimum wage on the UK small business sector: a geographical analysis." Environment and Planning C: Government and Policy. 24(1): pp. 103.Mason C, Carter S, Tagg S. The effect of the national minimum wage on the UK small business sector: a geographical ...
The current rate of 12.5% is set to rise to 20% in April unless the Chancellor intervenes. The month will bring what has been described as a cliff edge for the hospitality industry with a rise in VAT set to happen alongside a rise in the national minimum wage, plus changes to business...
Inequality and DEI reporting. The government committed to remove the age bands that provide for a lower National Minimum Wage for young people so that every adult worker is entitled to the same minimum level of pay. The government has also committed to introduce additional transparency requirements...
One potential channel through which the effects of the minimum wage could be directed is that firms who employ minimum wage workers could have passed on any higher labour costs resulting from the minimum wage in the form of higher prices. This study looks at the effects of the minimum wage ...
Where the Minimum Wage Bites Hard: the Introduction of the UK National Minimum Wage to a Low Wage Sector Between 1993 and April 1999 there was no minimum wage in the UK (except in agriculture). In this paper we study the effects of the introduction of a National Minimum Wage (NMW) in...