What is the Minimum Wage?
According to the Directgov website the minimum wage is set to go up in October 2010 and it is also the first time a minimum wage has been set for apprentices.
The current minimum wage is:
- £5.80 an hour for workers aged 22 and over
- £4.83 an hour for workers aged 18 to 20
- £3.57 an hour for workers aged 16 to 17
From October 2010 the minimum wage will increase to:
- £5.93 an hour for workers aged 21 and over
- £4.92 an hour for workers aged 18 to 20
- £3.64 an hour for workers aged 16 to 17
- £2.50 an hour for apprentices -
rate applies to under 19.
For over 19 it is for the first year of apprenticeship.
Before the internet the only way to get more money, was work more hours or go to college and then get a better paying job. People were starting new businesses, but the truth of the matter is you had to be either pretty rich or exceptionally talented to even stand a chance. Money bought you better education and better opportunities, this may sound cynical, but this was reality for many people in the uk
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