How Britain did its best for its workers?

Why Study Abroad When IIPM Gives You 3 global Advantages!

According to research done by the European Trade Union Confederation, Britain has been very successful in improving the standard of living of its lowest-paid workers since 2003. The success rate has been much more than any other European country at least. The nation’s decision to introduce a minimum wage (the minimum wage is £5.35 an hour for adults now) has worked wonders in combating ‘poverty wages’ in UK. The research report reveals that since 2003, purchasing power for the minimum wage earners in Britain has risen by 18.8%, while in countries like Latvia, Poland, Portugal, Malta and France, increase in the minimum wage has failed to keep up with inflation. Predictably, many lowly-paid workers from eastern Europe have made a beeline for Britain in search of better pay. The report adds: “The fact that wages will continue to differ substantially across Europe in the years to come, also means that wages will continue to be a potential driver of relocation processes as well as an argument by employers in high-wage countries for wage moderation & other concessions.”

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