1. How Far Have The Labour Government's Economic Policies Met Business Objectives?
... . This has prompted many to back a significant rise in the minimum rate. After all, if it has not hurt inflation or jobs by now and it has not significantly increased businesses' costs, why should it in the future? But there are reasons why the national minimum wage has yet to damage the competitiveness of UK businesses. It is argued that the current level of £3.70 benefits relatively few people ... . This, in turn, has minimised the knock-on impact on jobs and inflation. Analysis done in the mid-1990s suggested that a minimum wage of £4.50, which some see as ... ...
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- Approx Pages: 7
- Grade Level: Undergraduate