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UK Raises Minimum Wage by 9.8%

  • #Income
  • #United Kingdom
  • #Economic conditions & trends
UK Raises Minimum Wage by 9.8%
story
APR 2024
Image copyright: Matt Cardy/Contributor/Getty Images News via Getty Images
story last updated APR 2024

The Spin

Left narrative

There's a reason the Living Wage Foundation exists: the legal government wage has been and will continue to be far short of what Britons need. Even with this pay bump, millions of workers in the UK will earn £1K less than they need to cover basic life necessities. While some may be able to cover some basics with this money, that surely won't be enough to meet other expenses needed to live a dignified life.

Guardian

Right narrative

While no one is against people getting paid more, the government must also consider recent economic trends and challenges to businesses. A full-time worker's income rate has already grown sharply over the past decade. As we have yet to see the impact of recent cost hikes on businesses, another rapid increase will likely force companies to offer shorter hours, thus hurting the workers this is meant to help.

The Telegraph

Narrative C

The UK is right to lift the currently insufficient minimum wage, but it should do so equally for workers of all ages. There's no reason teenagers, who often work to provide for their families just like anyone else, should earn less than someone aged 18-20 or 21-23. Young employees at the bottom of the pay scale are struggling just to put food in the fridge and a roof over their heads — this arbitrary pay structure should be abolished.

Sky News

Metaculus Prediction


Articles on this story

Rise in UK minimum wage leaves millions short of real living wage
GuardianAPR 2024
The UK’s new minimum wage ‘badly needed’ but many calling for more
Al JazeeraAPR 2024