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But Holdcroft told the seminar that this minimum wage had been last updated in 1984.
He said: "This minimum wage increase is just a rebrand of the minimum wage – trying to call it something different.
This minimum wage would be an integral part of reforming the industry, which would help to prevent future tragedies.
The reason capitalism works so well is because there actually is social and economical mobility [sic], which this minimum wage increase obliterates.
The thing that concerns me about this minimum wage, honestly, is not the fact that it is going $7.25 to $8.50 – I am good with that.
The announcement was greeted by the work and pensions secretary, Iain Duncan Smith, punching the air in triumph, but the shadow chancellor, Chris Leslie, said: "This minimum wage increase is just a rebrand of the minimum wage – trying to call it something different.
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I relate this to the minimum wage law".
This took the minimum wage of the average chalet worker to £24,000 a year.
In various ways the law alleviates this (eg the minimum wage) but does not change the basic thinking.
"With this vote, the minimum wage will no longer be a poverty wage in Los Angeles," Garcetti said last week.
This explains why only about 14percentt of workers helped by this minimum-wage increase live in poverty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com