Minimum Wage

In the mid- nineties, the Labour Party in the coupled man made it clear that they would introduce a National nominal net income if they won the next election. Their objective was to use andNational negligible Wage to help reduce poverty and income inequality. This led to oft political and economic debate about the probable imp cloak of a National Minimum Wage. Much of this focused on the employment in the UK. For example, in 1995 a former blimpish government minister, Iain Lang, said that a minimum wage deign at £4.15 an hour would cost at least 950,000 jobs. til immediately by March 2001, nearly dickens years subsequently the introduction of an National Minimum Wage (in April 1999), the little Pay rosiness was able to conclude: We were especi in ally concerned about the likely negative employment effects of the minimum wage. Employment has act to grow strongly since the introduction of the minimum wage, and in that location were no discernible adverse eff ects at the aggregate level. In fact, total employment increased significantly during the scratch line ii years after the introduction of the National Minimum Wage 1 apprise history of the National Minimum Wage Winston Churchill first established wage Councils in 1909 to protect the pay of workers in the so-called sweated industries.

At their peak in the 1960s, the Wage Councils round minimum fight in some 60 sectors. by and by this, the number of sectors cover fell and in the early 1990s there were 26 remaining Wage Councils. But in 1993, the Trade mating Reform and Employment Rights Bill abolished all of these. T hus, from 1993 there were no minimum wages i! n action in the United Kingdom, except in agriculture. In 1997, the Low Pay tutelage (LPC) was established to recommend to the Government a level for the sign rate of the National Minimum Wage. The LPC did a lot of research and spent a lot of meter talking to clientele unions and employers before making recommendations to the Government. At the start, there were large differences of reliance about...If you want to get a total essay, order it on our website: OrderCustomPaper.com

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