1. The UK National Minimum Wage
... directly affected therefore having virtually no impact on the pay of workers not directly affected (no spillover effect). They say that the impact of the NMW on overall wage inequality is rather small, with no detectable impact on the earnings of those in the tenth percentile; the only detectable impact was at the fifth percentile. Two reasons were given for this shortcoming: 1) the NMW has been set at a low level affecting ... less than 10 percent of workers, and 2) the spillover effect was non-existent. Furthermore, they discovered that virtually all changes occurred within 2 months o...
- Word Count: 1800
- Approx Pages: 7
- Grade Level: Undergraduate