by Sam Bowman
"If we want to redistribute to the working poor, simplifying and strengthening tax credits would avoid some of the unintended consequences we find with minimum wages.
The National Minimum Wage was set by a panel of economists, industry representatives, and trade unionists, with a mandate not to endanger jobs. They were restrained, and avoided the large rises that many people feared.
The National Living Wage is being set without any care for that evidence. George Osborne’s main goal was to undermine Labour after the 2015 election. Well, fine, but they’ve done a good enough job of that themselves.
Politics shouldn’t trump the well-being of people who need to work, and whose prospects might be seriously harmed by further rises to the Living Wage. Let’s stick with what works."
The Conservative Party should have known better than to go down the 'Living Wage' rabbit hole.