The National Minimum Wage is the single most successful economic policy in a generation, says think tank
Published by Michael Graves on Mon, 15/04/2024 - 8:29amThe introduction of the UK’s National Minimum Wage (NMW) in 1999 is the single most successful economic policy in a generation, according to the Resolution Foundation.
The NMW has increased the pay of the UK’s lowest paid workers by £6,000 a year compared to their earnings simply rising in line with typical wages, says a report from the think tank.