National Living Wage by then. A survey conducted in November 2015 by the Resolution Foundation and the Chartered Institute of Personnel and Development revealed that the policy is expected to have its greatest impact in the retail, hospitality and healthcare sectors. The policy has received criticism from some large employers, particularly supermarkets and the food and drink sector, where profits may be reduced by up to 10%. Some large employers have said that they may pass on the additional cost to consumers in the form of higher prices and some intend to improve productivity. The supermarket chain Lidl has said it will implement
History of the minimum wage History of the minimum wage The history of minimum wage is about the attempts and measures governments have made to introduce a standard amount of periodic pay below which employers could not compensate their workers. New Zealand enacted the first national minimum wage laws in 1894 by the "Industrial Conciliation and Arbitration Act", which, unlike the wages board of Victoria, established arbitration boards to enforce compulsory arbitration. In 1896, Victoria, Australia, amended the "Factories and Shops Act" to create a wages board. The wages board did not set a universal minimum wage; rather it set basic wages for six industries