In the News
Is the Minimum Wage one of the most successful UK economic policies?
27th March 2024
The Resolution Foundation has released a study to mark the 25th anniversary of the National Minimum Wage - now called the National Living Wage - and concludes that it's one of the most successful economic policies in a generation.
Their research suggests that as the minimum wage rises from £10.42 to £11.44, it has increased the pay of the poorest workers by £6,000 more than would have been the case if they'd have simply kept pace with average earnings growth, reducing pay inequality. The Guardian reports about this research here.
NEW research!
— Resolution Foundation (@resfoundation) March 27, 2024
The minimum wage is the single most successful economic policy in a generation.
Since it was introduced in 1999, it's boosted the wages of millions of Britain’s lowest earners by £6,000 a year.
Read now https://t.co/GfhfS0vb1g pic.twitter.com/3UznQS0uiS
🎂 Happy 25th birthday to the minimum wage!
— Resolution Foundation (@resfoundation) March 27, 2024
Analysis released today shows how the policy boosted the wages of millions by £6,000 a year.
Read it now https://t.co/GfhfS0uDbI pic.twitter.com/VG1Ezqxz7n
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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