Machin, Stephen (2024) The national minimum wage – 25 years on. British Politics and Policy at LSE (01 Apr 2024). Blog Entry.
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Abstract
This month marks 25 years since a national minimum wage was introduced in the UK. Once a controversial policy, due to fears that it would lead to fewer jobs, it has instead proven to be highly successful. The minimum wage is now a fully accepted part of the labour market. Stephen Machin reflects on how the minimum wage has reduced wage inequality and what needs to happen next.
Item Type: | Online resource (Blog Entry) |
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Official URL: | https://blogs.lse.ac.uk/politicsandpolicy/ |
Additional Information: | © 2024 The Author(s) |
Divisions: | Economics |
Subjects: | J Political Science > JN Political institutions (Europe) > JN101 Great Britain H Social Sciences > HD Industries. Land use. Labor |
Date Deposited: | 30 May 2024 09:30 |
Last Modified: | 30 May 2024 09:30 |
URI: | http://eprints.lse.ac.uk/id/eprint/123484 |
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