tutor2u | Hammond plots one of the world's highest minimum wages

In the News

Hammond plots one of the world's highest minimum wages

Graham Watson

7th May 2019

The Observer highlights an interesting story - it's believed to be the case that the Chancellor is contemplating a significant rise in the national minimum wage, to the highest level in the developed world.

It is believed that the NMW might be increased to £9.61, 66% of median earnings, but there are concerns that this might cost around 140,000 jobs. That said, it is also argued that this might be an effective way of reducing in-work poverty.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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