Editor’s note: This guest post was written by Calum Montell-Boyd, a student at the University of Oxford and editor at OxPolicy, a student think tank at Oxford. He was an intern with the Asset Building Program in the Summer of 2013.
As the United States marks the 50th
anniversary of the War on Poverty, low wages remain a problem not just throughout the nation but across the developed world. America’s working poor
are counted at over 10 million, while across the Atlantic, in London, one in five
workers isn’t making enough to meet basic living expenses. From this perspective, it comes as good news that the UK Treasury has backed an increase
in the minimum wage, from £6.31 ($10.37 USD) to £7.00 ($11.50 USD). This announcement from the United Kingdom comes at the same time as US policymakers are considering similar legislation that would raise the federal minimum wage to $10.10.