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The low pay puzzle

Analysis

CHAPTER

Evolution of the National Minimum Wage and its Impact on the Labor Market

The chapter explores the journey of the national minimum wage since its introduction in 1999, discussing its effects on workers' living standards and the changes in the labor market. It analyzes the challenges faced by low-paid workers, especially in the care sector, and the disparities in pay increases historically. The episode also emphasizes the importance of fair pay beyond just the hourly rate, considering factors like job effort, working conditions, and non-pay benefits.

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