The UK’s minimum wage began in April 1999, fulfilling a promise of Blair’s new Labour government. Blair was responding to popular demand, since the Conservative government in 1993 had ended the old system of minimum wages. Michael Forsyth, the Employment Minister at the time said: ‘The biggest source of poverty is not low pay; it is having no job. Wages councils destroy employment.’ However, most people, then and now, believe that there is a moral basis for a minimum wage. Certainly, the minimum wage is a popular policy, and the coalition government has not moved close to changing it.
Read the full blog post hereSource: http://www.iea.org.uk/blog/unemployment-and-the-minimum-wage
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