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 Germany previously lower wage levels. Besides, a study of the German Institute for Economic Research showed that the minimum wage increased the hourly wage, but not the total income of people who work in the low-wage sector. Since hourly wages increased slightly, working hours decreased simultaneously to offset higher costs. Minimum Wage in Germany Germany’s minimum wage legislation - "Gesetz zur Regelung eines allgemeinen Mindestlohns" - was introduced, on January 1, 2014, by Merkel’s third cabinet, composed of a coalition between the SPD – the social democratic party - and the CDU – the conservative party. The implementation of a minimum