A piece of Worstallian analysis makes it into the New Statesman.
Although most of the left won\’t accept it, there is a reasonable discussion to be had about the effect of the minimum wage on youth unemployment. The Low Pay Commission, the body that advises ministers on the subject, recently noted \”evidence that in difficult economic circumstances the level of the minimum wage may have had an impact on the employment of young people\”. International experience suggests that a minimum wage that is 50 per cent of the average wage is harmful to employment. But the rate for 18-20 year olds (£4.08 an hour) is currently 65 per cent of the mean wage and the rate for 16-18 year olds (£3.68) is 76 per cent.
I think it\’s fair to say that the commentators don\’t like it.