It is increasing at a faster rate than inflation and actually causes inflation as businesses have to increase their prices to pay new costs. The two are proportional
@9J7HQVP3mos3MO
Inflation is currently at 6% and the minimum wage has not increased with inflation for over 13 years.
@9H23MYW5mos5MO
No because is cripples and bankrupts small and medium sized businesses who employ a significant proportion of our population.
@9GSGL6C5mos5MO
No because it can cause a wage spiral affect that can cause inflation to worsen. We should focus on increasing rewards to those who push boundaries in learning, training and becoming specialized skilled workers.
@9GK9RHT 6mos6MO
Great for people on low income jobs but would push up inflation and discourage people to strive for higher paid jobs.
@9FVX94B7mos7MO
The minimum wage will be £15 per hour before we know it how can businesses realistically support this.
@9FBQXP97mos7MO
Inflation is currently at 6% and the minimum wage has not increased with inflation for over 13 years.
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