minimum wage Flashcards
(2 cards)
1
Q
efficacy of NMW
A
uk minimum wage has been increased 40% above CPI inflation boosting pay for those on low incomes who receive 2.70 more an hour in real terms than without NMW
2
Q
issues nNMW
A
NMW arguably too low to be purposeful in London
where it is 42% of median earnings
too high in Wales and north easy 70% median earnings
burdening businesses high labour costs
