The Low Pay Commission And The National Minimum Wage  

Oleh:

Metcalf, David

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 109 no. 453 (Feb. 1999), page 46-67.
Fulltext: 46.pdf (351.47KB)

Isi artikel

Great Britain has had statutory regulation of minimum pay for most of this century but never previously had a national minimum wage (NMW). This paper outlines the history of minimum wage regulation culminating in 1997 with the establishment of the Low Pay Commission (LPC). The three key debates within the LPC are analysed, namely the de®nition of the wage, what to do about youngsters, and the level to set the NMW. The impact of the NMW on the pay distribution, employment, family incomes and exchequer ®nances is set out. The paper concludes that the LPC is a ®ne example of successful social partnership.

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