1. The UK National Minimum Wage
Opinions about the impact of minimum wages on poverty are just as divided. Some believe minimum wages are very effective anti-poverty instruments, whilst others argue that minimum wages will simply raise the incomes of second-earners in relatively well-off households, whilst having no effects on the poor. The impact of the NMW on employment, wage inequality and poverty is extremely difficult to identify not least because of poor employment data, especially data on hourly earnings. ... The introduction of the NMW was in part motivated by a desire to reverse the trend in wage inequality, and ta...
- Word Count: 1800
- Approx Pages: 7
- Grade Level: Undergraduate