The National Minimum Wage was a key policy of the British Labour Party after it came to power in 1997. On April 1st 1999, the National Minimum Wage became a floor below which pay could not go. In 2014, employees who are at least 21 have to be paid £6.31 per hour. It has been said that the National Minimum Wage for workers in this age group will be increased by the coalition government later in the year. It will be set at £6.50.
There have been serious problems with the National Minimum Wage. The age-related bias seems inherently unfair. It has not kept up with increases in the cost of living. Too few employers have got into trouble for breaking the National Minimum Wage. Nonetheless, without the government interfering in the labour market in this way many people would have suffered more than they have. The large increase in unemployment critics of the National Minimum Wage had forecast never materialised.
Cheepcheepcopywriter supports the principle of the National Minimum Wage, and hopes that a National Living Wage will be achieved one day. Furthermore, wages around the world are often shockingly low. This means we have a collective responsibility to think of new ways to promote a ‘fair day’s pay for a fair day’s work.’