The Conversation:
Budget 2015: will Osborne's medicine be a driver for productivity and growth?
9 July 2015
Article by John Van Reenen
The most eye-catching announcement in today's budget was the National Living Wage. Now, this might be nothing more than a big hike in the minimum wage, but such increases can be beneficial. There remains though a justified fear that this 11% increase decided by political fiat rather than careful independent consideration will result in job losses - and is not the ideal way to address the fundamental issue at hand.
This article was published online by The Conversation on July 9, 2015
Link to article here
Related publications
Big ideas The UK's National Minimum Wage, Alan Manning. Article in CentrePiece Volume 14, Issue 2, Autumn 2009
Related links
John Van Reenen webpage
Productivity and Innovation Programme webpage
John Van Reenen CEP publications webpage