The BBC is happy to trumpet the minimum wage increase to £5.05 an hour from October 2005 as it will benefit more than 1m people (It must be election year!!). However, it will hurt a "hidden" number of people for whom the increased minimum wage will mean that for many employers, it will be better in the long term for those jobs either to be shipped abroad or to substitute machinery for labour.
If the minimum wage really does not affect the numbers of people employed or inflation rates, then why not just make it £100 per hour!?!
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