Now, let’s keep a good thing going and look at the benefits of this increase. The amendments to the National Living Wage from April 2016 have made it a mandatory amount where in the past it was an informal benchmark number. But hold on – there’s more! We as a country love to support the underdog, and the government argues that those in full time employment in a lower earnings bracket should be better off with an expected increase in yearly earnings of around £2000; not something to be scoffed at!
So let’s boil all of this down into something easy to digest. The overall aim of this move is that there will come a point where we can declare we are a higher wage, lower tax and lower welfare society where the majority are better off. Essentially, workers are paid more, and will retain more of those earnings – simple and effective! And with a proposed rise to £9 by 2020, we can all join in a brief chorus of D:Ream’s Things can Only Get Better for the years to come.