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UK's experience since introducing a minimum wage doesn't bear this out. All the warnings of inflation, fewer jobs and so on were given. They haven't come to pas
by NeedMoreTea 7y ago
UK's experience since introducing a minimum wage doesn't bear this out. All the warnings of inflation, fewer jobs and so on were given. They haven't come to pass.
Even those you might expect to stand against a minimum wage, like some of those bodies and the Tory party who argued hard against its introduction, have called for increases beyond inflation.
- lostmymind66 7y agoThe minimum wage was set only to $4.71/hour in 1999. The reason there was no inflation is because most companies were probably paying somewhere around this wage already. Just because there was no minimum wage set, doesn't mean there wasn't a minimum wage dictated by the free market. Let's try doubling it, like having a $15 minimum wage and see what the actual changes would be.