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Britain's first ever national minimum wage (NMW) came into force in April 1999 covering some 5% of workers. Between 1999 and 2002 the NMW rose in line with the growth in average earnings. But for 2003-6 the NMW will be ratcheted up relative to median pay. The evidence shows that between 1998 and...
Persistent link: https://www.econbiz.de/10005392669
Great Britain has had statutory regulation of minimum pay for most of this century but never previously had a national minimum wage (NMW). This paper outlines the history of minimum wage regulation culminating in 1997 with the establishment of the Low Pay Commission (LPC). The three key debates...
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