From 1st April, UK minimum wage will be £12.21 an hour. Some neoliberals object.
Gains already lost to price rises.
An over-21 worker will get £22,222 in a year. £19,519 after tax and NIC. Millions will remain in poverty.
Median pay for FTSE 100 CEO £4.22m.
Need equitable distribution of income.
Prem Sikka: A boost in the minimum wage is welcome, but more must be done to improve people’s material conditions
'Despite the increase, the minimum wage will still be comparatively low, and millions will live below the minimum acceptable standard of living.'
