Minimum Wages in a Cost-of-living Crisis: An International View.
Employees currently face exceptionally high inflation and employers face rising pay demands. Minimum wages provide a floor to pay levels but how these levels are set varies between countries. In some systems minimum wage levels are indexed in some way to movements in prices or pay movements while in others the decisions are based on independent recommendations to Government which take account of a range of factors. In other cases, increases rely on political decision making alone. In this webinar we examine the situation internationally, in the EU and in the UK. Our three speakers will focus on the different systems for setting minimum wages and consider which are most likely to help deal with high inflation. They will provide examples of current developments. Most systems will be challenged by high inflation over the current period.
Tim Butcher, Chief Economist, Low Pay Commission, London
Professor Damian Grimshaw, Kings College, London
Christine Aumayr-Pintar, Senior Research Manager, Eurofound
Hamilton House, University of Greenwich 15 Park Vista London SE10 9LZ