Conservative Party (UK) others. Until 1999, Conservatives opposed the creation of a national minimum wage, as they believed it would cost jobs, and businesses would be reluctant to start business in the UK from fear of high labour costs. However the party have since pledged support and in the July 2015 budget, Chancellor George Osborne announced a national living wage of £9/hour, to be introduced by 2020, for those aged 25 and over. The National Minimum Wage in 2012 was £6.19 for over-21 year olds, so the proposed rises in National Living Wage by 2020 will represent a significantly higher pay for many.
Minimum wage in Canada wage’s effects on the economy. In his work entitled “The Case for Increasing Minimum Wage”, Green presents a rebuttal to the critics of the minimum wage stating: Claims that increases in the minimum wage will generate huge efficiency costs for the economy and mass unemployment are not credible. While estimates of employment losses from minimum wage increases for teenagers in Canada exist, the estimated effects on adult employment are minimal at best. Those results cannot be translated into big costs for the economy. Minimum wage in Canada Under the Canadian Constitution, the responsibility for enacting and enforcing labour laws, including