The idea of a national minimum wage and set maximum working hours are two examples of such intervention, and while such notions are indisputably necessary and in keeping with the charitable element of human nature, they are, to the pure capitalist/neoliberalist, barriers to the maximum possible profit. ... While the minimum wage today might be argued (rightly) to be insufficient, in 1959, the Terms and Conditions of Employment Act set the minimum wage at a rate which could sustain a family of one working parent and two children without falling below the poverty line (source: National Archive...

• Word Count: 2635
• Approx Pages: 11
• Has Bibliography
• Grade Level: Graduate