Term Papers on The Effect Of The Minimum Wage Has On Unemployment from Term Papers Lab.

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David Metcalf has concluded that the implementation of the minimum wage appears to have had no negative impact upon Employment. Critically examine the possible explanations for this outcome.

The minimum wage was implemented and became law on the 1st April 1999 this helped prevent unfair low pay and “levelled the playing field” (http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1074402393) for employers as companies could compete on quality of goods rather than setting a reduced price based on low pay. It applies to most workers and sets hourly rates below where pay is not allowed to decrease; these rates are recommended by the Low Pay Commission (LPC). At first the adult rate was set at £3.60 per hour for adults in the first 6 months of their job with sufficient training, there was also a lower youth rate of £3.00 per hour for those aged 18 – 21.(Stuart p5) Presently the minimum wage stands at £5.52 per hour for ages 22 and over and £4.60 aged 18-21.......



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Title: The Effect Of The Minimum Wage Has On Unemployment
Approximate Word Count: 2913
Approximate Pages: 12 (250 words per double-spaced page)

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