14min chapter

Analysis cover image

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode