United Kingdom -Plea for no minimum wage for youngsters -April 03, 2014

The Institute of Economic Affairs (IEA), a conservative think-tank, has opened the attack on the statutory minimum wage for youngsters and the demand for a significant increase in the National Minimum Wage (NMW).

The Institute of Economic Affairs (IEA), a conservative think-tank, has opened the attack on the statutory minimum wage for youngsters and the demand for a significant increase in the National Minimum Wage (NMW). According to IEA, a statutory implementation of a minimum wage at the Living Wage level could have a significant impact on employment and the viability of firms in a range of sectors. IEA quotes estimations that it can cost 150,000 jobs, with substitution for older workers meaning 300,000 fewer young people employed. The trade unions and the National Union of Students have sharply criticised these ‘backward looking proposals’.

English: http://www.morningstaronline.co.uk/a-348e-Scrap-min-wage,-think-tank-urges ...  

http://www.iea.org.uk/publications/research/the-minimum-wage-silver-bullet-or ... 

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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