Minimum wage rise will harm job creation

Mark Littlewood appears on BBC Radio Scotland, Newcastle, Coventry, Kent, Gloucestershire, Cornwall, Cambridge, Devon, Essex, Merseyside and Leicestershire

IEA Director General Mark Littlewood appeared on a host of BBC regional programmes discussing the minimum wage.

In his comments he argued that a rise in the minimum wage today would be much more detrimental than when it was introduced in 1999. This is because of the relative position of the economies are not comparable, with employers in 1999 being able to absorb a minimum wage due to robust economic growth. 

Furthermore, he argued that there is a risk to jobs as the rise in minimum wage may only benefit the few, with a reduction in job creation and the loss of jobs for many.

You can listen to segments of Mark's comments here, here and here. The segments begin at 38.50, 29.56 and 1.31.07 respectively.

 

IEA Brexit prize

Invest in the IEA. We are the catalyst for changing consensus and influencing public debate.

Donate now

Thank you for
your support

Subscribe to
publications

Subscribe

eNEWSLETTER