Minimum wages and living wages: what happens in times of inflation?
It is widely accepted that minimum wages are an effective way to help workers at the lower end of the income distribution without damaging their job opportunities. But while the UK's minimum wage has risen faster than the rate of inflation over the past two decades, it is now falling behind.
22 August 2022
Economics Observatory
https://www.economicsobservatory.com/minimum-wages-and-living-wages-what-happens-in-times-of-inflation
This Blog is published under the centre's Community Wellbeing programme, Labour programme.
This publication comes under the following theme: Labour market dynamics