Quote:
Originally Posted by Damien
It would be interesting to see what happened to various wages after it's introduction. I am generally a fan of it as although theoretically the market should correct low pay I think there are limits to that system and there will be a minority of employers that would exploit someone's situation to pay them much less than they should. We see that now with employers employing immigrants that work below minimum wage undermining the salaries of the rest.
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Wage levels have consistently risen over the last 25yrs according to the ONS ,I think the question is how fast would they have risen without the NMW ,I really do think that wage levels ,particularly in the service areas have been kept artificially low ,but that is just my opinion as I don't have any figures to back it up .An example would be my wifes wage ,she works in a supermarket on checkout and the floor and the only wage rise she ever gets is when the NMW goes up ,the company have never given their own rise instead relying on the government to instigate a rise at the absolute minimum needed