Low pay, the working of the labour market and the role of the minimum wage
by Sanjiv Sachdev and Frank Wilkinson
Published in May 1998
The authors highlight the positive contribution a national minimum wage can make to the economy if set at a high enough level. They provide figures about the effects of a minimum wage across different industries and occupations. The authors refute the argument that a NMW will cause job losses or inflation and warn that setting a minimum wage too low may deal with the worst excesses of employer power but will fail to tackle the economic problems underpinning the economy.
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