The UK will have the largest minimum wage in the world

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Minimum wage London

Since 2015, the minimum wage in the UK for those over 25 has increased by almost a quarter, with an hourly rate of £ 8.21.

Meanwhile, on September 30, British Finance Minister Sajid Javid announced that the local authorities had not finished raising the minimum wage.

Setting the ultimate goal of his predecessor, Javid vowed to “end the low wage” by 2024 by raising the minimum wage.

Today, that would mean a rate of around nine pounds per hour, with Sajid Javid reckoning it would be working out for £ 10.50 in five years. He also pledged to lower the age limit and that this would also apply to workers over 21 years of age.

Interestingly, the UK minimum wage is rising faster than other developed countries, which is why it has climbed the international minimum wage scale and could soon end up at the top.

France had the highest minimum wage in 2018, more than 60 percent of the average wage, followed by Australia and the United Kingdom, Canada, the Netherlands, Germany, Japan and the United States.

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