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In the News

Is the Minimum Wage one of the most successful UK economic policies?

Graham Watson

27th March 2024

The Resolution Foundation has released a study to mark the 25th anniversary of the National Minimum Wage - now called the National Living Wage - and concludes that it's one of the most successful economic policies in a generation.

Their research suggests that as the minimum wage rises from £10.42 to £11.44, it has increased the pay of the poorest workers by £6,000 more than would have been the case if they'd have simply kept pace with average earnings growth, reducing pay inequality. The Guardian reports about this research here.

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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