UK National Minimum Wage Should Be Raised - 812 Words

I think Britain can afford a higher minimum wage. I think we have worked hard to get to this point and we can start to enjoy the fruits of all that hard work. This was said by George Osborne the Chancellor George Osborne of the Exchequer and Second Lord of the Treasury of the United Kingdom. Gorge Osborne, through his statement above has shown that he is willing to increase the national minimum wage from  £6.31 to  £7 per hour which is above inflation. The National Minimum Wage was set up in 1998 to protect low-paid workers, which I think was a good idea. However, an increase in the UK National Minimum Wage will cause more harm to the economy, employment sector and even the society than the proposed good. Students may leave their primary aim of getting educated to go in search of jobs; employers will employ less numbers of people thereby increasing unemployment; and the economy will suffer lack of growth that might get Britain into bigger debts and quite possibly a recession. It is not a good move! Firstly, researchers from the Respected Organisation for Economic Co-operation and Development said Britain has more teenage dropouts than in most other countries. Almost one in five young people in the UK are not educated to A-level standard which is a shocking figure. Increasing the national minimum wage will encourage high school student to drop-out and go in search of jobs. What does the future hold for the upcoming generation? The society of today is looking to thisShow MoreRelatedThe Impact Of National Minimum Wage On South Africa s Income Inequality Essay1525 Words   |  7 PagesThe impact national minimum wage would have on South Africa’s income inequality should it be implemented. South Africa is still considered one of the countries which still consist of high income inequality. 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