2 ms·
Nice theory but where is your evidence? The reality is that the minimum wage has hugely boosted incomes for the least well off - https://www.theguardian.com/so
by youngtaff 3y ago
Nice theory but where is your evidence?
The reality is that the minimum wage has hugely boosted incomes for the least well off - https://www.theguardian.com/society/2024/mar/27/minimum-wage-is-uks-most-successful-economic-policy-in-a-generation https://www.theguardian.com/society/2024/mar/27/minimum-wage...
And the real issue is that wages have stagnated since the 2008 financial crisis with many people receiving below inflation pay rises e.g. medical staff being 35% worse off in real terms - https://www.theguardian.com/business/2023/mar/20/uuk-workers-wage-stagnation-resolution-foundation-thinktank https://www.theguardian.com/business/2023/mar/20/uuk-workers...
Some companies pay more that the minimum wage as they’re competing for staff e.g. supermarkets, and the more people are paid the lower in work benefits will cost