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UK / Minimum wage does not keep up with the cost of living

The National Minimum Wage Act 1998 was one of the flagship policies of Tony Blair’s newly elected Labour government. From April 1999, every worker over the age of 22 was legally entitled to at least £3.60 an hour. In 2010, it began to apply to employees aged 21 and over.

Capture d’écran 2013-04-16 à 16.25.19

For the first nine years of its existence, the minimum wage increased way above the Consumer Prices Index measure of inflation. The wage also rose above the alternative Retail Prices Index (RPI) every year except between 1999 and 2000.

Chosen excerpts by Job Market Monitor

Guardian

via Does the minimum wage keep up with the cost of living? | News | guardian.co.uk.

Discussion

3 thoughts on “UK / Minimum wage does not keep up with the cost of living

  1. literarylydi's avatar

    This graph shows why we need a living wage – a wage where we can pay taxes,bills and essential living costs and have some left over to put back into our struggling high street.
    http://literarylydi.wordpress.com/

    Posted by literarylydi | April 18, 2013, 3:55 pm

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  1. Pingback: Namibia / Union Urges Companies to Pay Minimum Wage | Job Market Monitor - May 23, 2013

  2. Pingback: Low-Wage Workers and Poverty in US – Harder to Escape | Job Market Monitor - March 20, 2014

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