Would be a significant and much needed stimulus for struggling communities.
Even the Tories are looking at £9.61
$15/hour is becoming the norm in the US - for reference, $15 = £11.54
The fear of massive job losses has thus far not really come to pass, though it is too early to be making blanket conclusions.
How I Learned to Stop Worrying and Maybe Love the $15 Minimum Wage
https://slate.com/business/2019/02/new-research-15-dollar-minimum-wage-good-for-workers.html
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- Following NYC wage increase, three quarters of restaurants have reduced employee hours
- 36% of restaurants have fired people
- Two consecutive years of employment decline in the restaurant business in NYC, normally something that happens in times of recession
Doesn’t look great to me. At the end of the day a private enterprise will not pay employees at a rate which is higher than the revenue they generate for the business. This is why arbitrary minimum wage hikes aren’t the answer.
It’s a cynical vote gathering tactic by Labour.