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 through automatic adjustments, while increases in 11 other states occurred through referendum or legislative action. Beginning in January 2017, Massachusetts and Washington state have the highest minimum wages in the country, at $11.00 per hour. New York City's minimum wage will be $15.00 per hour by the end of 2018. Some large employers in the traditionally low-paying retail sector have declared an internal minimum wage. As of 2018: Jobs that a minimum wage is most likely to directly affect are those that pay close to the minimum. According to the May 2006 National Occupational Employment and Wage Estimates, the four