Jonathan Cribb

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Last quote by Jonathan Cribb

At some point, higher minimum wages will reduce the employment of lower skilled workers. Since we do not know where that point is, sudden large increases are risky. Labour's proposal to rapidly extend a £10-per-hour minimum wage to 18-24-year-olds, regardless of the state of the economy in 2020, is a particular gamble. Given how harmful periods of unemployment can be for young people, the long term costs could be considerable.feedback
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May 10 2017 Unemployment
Jonathan Cribb has most recently been quoted in an article called Business rates relief is 'small beer'. Jonathan Cribb said, “We don't know how far you can push this before you get much more substantial amounts of unemployment.”. Jonathan Cribb has been quoted a grand total of 2 times in 2 articles.
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