Nerissa Chesterfield writes for City AM

Nerissa Chesterfield, Communications Officer at the Institute of Economic Affairs has written for City AM’s debate column today on the whether firms should be compelled by government to pay the London Living Wage.

In the column Nerissa argues that we do have a serious cost of living crisis in London, but the solution is not to force companies to increase pay. A London living wage that arbitrarily fixes minimum wages to living costs is risky at best, and potentially harmful for those whom it is trying to help at worst. If the wage is set too high, companies may be forced to cut hours, end in-work perks and even let go of some employees altogether to make ends meet.

Read the full article here.