The national minimum wage: 25 years on

Stephen Machin

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: It is now just over a quarter of a century since a national minimum wage was introduced in the UK. Once a source of controversy due to fears that it would lead to fewer jobs, the policy has instead proved to be highly successful. Stephen Machin reflects on how it has reduced wage inequality - and what needs to happen next.

Keywords: UK Economy; minimum wage; Employment; Wages (search for similar items in EconPapers)
Date: 2024-06-20
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:682

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