Politicising the National Minimum Wage will not help those on low incomes
Christopher Snowdon comments on a new study in the journal BMC Public Health
IEA publishes updated gender pay gap briefing
Len Shackleton comments on the anniversary of the National Minimum Wage
“While UK minimum wages may have thus far had little overall effect on employment, this cannot be guaranteed in future, now that it is out of the hands of the Low Pay Commission. Both major parties seem inclined to increase the National Living Wage and its subsidiary rates quite sharply – a risk that prioritises politics over the jobs market.
“In any case, to reduce poverty significantly we need benefit reform, improved housing supply, and a reduction in forms of product regulation and taxation which disproportionately harm the poor. A minimum wage is neither necessary nor sufficient to improve the prospects of those most in need.”
Notes to Editors
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