• Home
  • News
  • Loans
  • Commerce
  • Banks
  • Investments
  • Insurance
  • Stocks&Trading
  • Real estate
  • Video

What Benefits Can The Minimum Wage Provide The Young with?

March 3, 2012 Leave a Comment

What Benefits Can The Minimum Wage Provide The Young with

The government has recently announced its decision to freeze the minimum wage for everyone under 21 and this news has been immediately welcomed by the majority of employers. The introduction of the frozen minimum wage is expected to become a good solution to many problems including the recruitment of the young. Such a decision to freeze the minimum wage is likely to make employers take the young on and thus help them find a job in the long run.

One of the reasons of the minimum wage decision was the desire to prevent the young people from leaving education and starting their career at such an early age. It is expected that the difference between the income of a 16-year-old and a 22-year-old, provided that they are involved in the same activity and industry, will significantly increase and become up to £228.80 to £5,221. Such numbers are definitely impressing and cause a great number of discussions and questions by the puzzled young and some of the employers.

What Benefits Can The Minimum Wage Provide The Young with

Such a change concerning the minimum wage was offered by the Low Pay Commission (LPC) that believed it was a great method to make the young study and complete education instead of working and neglecting it. Such an incentive seems to be quite favorable, however, the time will show whether this is true or not. The announcement was made by Vince Cable and in his opinion such a decision and its acceptance were not easy. It is no news that the young experience serious difficulties in finding a good job in the long run and it is important to encourage employers to think of the young people and recruit them.

Share
Tweet

Related Posts

No related posts found

Filed Under: News Tagged With: income of young, low pay commission, minimum wage, vince cable

Speak Your Mind Cancel reply

*

*

Advertisement

Popular Posts

  • Pay Sales Tax on Digital Content Soon
    Pay Sales Tax on Digital Content Soon posted on April 30, 2013
  • House Down Payment Debated Once Again
    House Down Payment Debated Once Again posted on April 27, 2013
  • Internet Sales to Be Affected by Financial Transaction Tax Rules
    Internet Sales to Be Affected by Financial Transaction Tax Rules posted on April 24, 2013
  • United States Stock Market Drops, Outlook Gets Grim
    United States Stock Market Drops, Outlook Gets Grim posted on April 18, 2013
  • The U.S. Middle Class May Experience the Extension of the Bush Tax Cuts
    The U.S. Middle Class May Experience the Extension of the Bush Tax Cuts posted on July 12, 2012

Advertisement

Recent Comments

  • macanoid on Situation in Asian, US and European Trading
  • ouragan on Savings News Remains Glum for Brits
  • Jumbo on Bosses to Pay National Insurance in Budget 2013
  • gar on Bosses to Pay National Insurance in Budget 2013
  • job on Gold Sees Rise on Good News from US

Advertisement

Tags

bank Bank of America board of directors business cash cash loans commodities trading credit Dow Jones Euro European Central Bank Federal Reserve Federal Reserve Bank fiscal cliff George Osborne Greece Greece Bailout home loans home prices Hurricane Sandy inflation International Monetary fund investments JPMorgan loan loans Morgan Stanley Mortgage Rates NASDAQ NIkkei NYSE Obama online loans Payday Loans penny stocks pet insurance protesters stock market stocks trading trading online UK economy US Dollar US economy US fiscal cliff Wall Street

Advertisement

  • Home
  • About the blog
  • Advertising
  • Contacts
  • Site map

© 2013 Cpg-finance.com