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 the United States states that significantly raises the minimum wage. California is set to raise its minimum wage to $15.00 per hour by January 1, 2023. Colorado is set to raise its minimum wage from $9.30 per hour to $12 per hour by January 1, 2020, rising $0.90 per year. New York has also passed legislation to increase its minimum wage to $15.00 per hour over time, certain counties and larger companies are set on faster schedules than others. A number of other cities and states across the country are also debating and enacting legislation to increase the minimum wage for low wage