- The minimum wage was introduced in the UK in 1999 at £3.30.
- As of October 2007 the minimum wage for adult workers is £5.52. (It will rise to £5.73 by end of 2008)
- There is a development rate for workers 18-21 of £4.60
- For people under 18 (not of compulsory school age) the rate is £3.40
- Source: National Minimum wage HMRC
In this period 1999 – 2008, ILO unemployment has fallen from 1,822,000 to 1.61 million or 5.25%. Claimant count method is even lower at less than 800,000
Readers Question and Essay:
- National minimum wage rates
- National minimum wage
- National Minimum wage rates
- Does a minimum wage reduce poverty?