The arguments in favour of the introduction of a living wage were always influenced by the risk of this social measure causing more harm to low-paid workers than good. As from April 1, the UK hiked the minimum wage for the over 25s to £7.20 per hour – an increase of 60 per cent of median earnings. Such hefty increases change the label on the minimum wage to that of a living wage. It is ironic that it had to be a Conservative government to experiment so boldly with raising the cost of labour at a time when the UK is still not quite out of the woods in terms of economic growth. Most... This article is part of our premium content. Full story is available on Times of Malta Premium.
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