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The UK has the lowest-ever unemployment and the highest-ever minimum wage. Data monitoring back to 2000 show no link between the wage level and unemployment. The minimum wage has risen faster than inflation during that time period. The statistics indicate that the traditional economic idea that rising wage costs reduce the number of accessible jobs might not be accurate. LONDON - It's one of the oldest and debates in economics: Does increasing the minimum wage increase unemployment, by making it......Read More
Although the federal minimum wage has remained at $7.25 a hour since 2009, most Americans are currently covered by greater minimums determined by local and state legislation - from Los Angeles to New York country to Washington, D.C. Organized labour and anti-poverty classes continue to drive for $15 a hour as the new standard for all workers paid hourly, although given Republican control of Congress that possibility appears dim. While the concept of raising the minimum wage is broadly popular, a......Read More
Since the 1st of April 1999 all workers in the United Kingdom have been subject to the National Minimum Wage Act; this act of parliament set a national minimum sum that employers in the united kingdom have to pay their workers; it's also the minimum sum that workers in the united kingdom are permitted to tender their solutions to get. Workers can, obviously, bring in more than the UK minimum, but never less. The introduction of the National Minimum Wage Act was intended to shield UK workers from......Read More
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