Yuan Yang

Yuan Yang

Labour — Earley and Woodley

Speaking in the House of Commons on 25 March 2025

Debate

Terms and Conditions of Employment

Contribution

We have heard how the rise in the national minimum wage will deliver a direct pay increase for over 3 million workers. For the first time in history, the minimum wage in this country is being linked to the true cost of living, beginning the journey of making it a genuine living wage. We can take from history a wealth of economic evidence on the positive impacts of minimum wages, which shows they lead to overall rises in pay with no significant impact on employment. Although I take on board the questions of the hon. Member for West Worcestershire (Dame Harriett Baldwin), and I appreciate her contributions as a fellow Treasury Committee member, studies have shown time and again that while similar concerns echoed throughout the ’80s and ’90s, the overall outcome of increasing the minimum wage is simply that: an increase in pay with no significant impact on employment.

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