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

Yes, that is the case. We have heard such concerns raised throughout history, yet when we look at econometric evidence that looks in hindsight at the actual impact on the economy, we see that there is no discernible impact. I will whizz through a few different studies. In the United States there is David Card and Alan Krueger’s study, based on the 1992 increase in New Jersey’s minimum wage, the 1988 rise in California’s minimum wage and the federal minimum wage increase the following year. In the European Union there is Tomas Kucera’s 2017 study from 18 countries. In the UK there is Christian van Stolk’s 2017 study. We can go on and on about the evidence, but we can see from the trends that, although these concerns have been raised over time, the outcome is increases in the minimum wage, which is what we are seeking to ensure.

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