Raising the minimum wage is not a well targeted poverty measure

Len Shackleton appears on BBC Radio World Service

IEA Economics Fellow Len Shackleton spoke on the BBC World Service regarding the minimum wage. He argued that an above inflation rise would disproportionately harm some groups of unskilled workers. In particular, he argued that the one million 16-24 year olds out of work and education will struggle and that raising the minimum wage will make entry to the labour market more difficult. Furthermore, he stated how sixty percent of minimum wage employees are part time and are often secondary earners in the household, thus it does not neccesarily help reduce poverty.

You can listen to the interview here. The segment begins at  7.30. 

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