What significant change did the National Minimum Wage Act 1998 introduce?

The National Minimum Wage Act 1998 introduced a crucial regulation in the UK by creating a minimum wage that employers are legally required to pay their employees. This landmark legislation aimed to ensure that all workers receive a fair minimum level of pay for their work, thereby reducing poverty and promoting a more equitable workforce. By establishing a baseline wage, it helped protect the rights of low-paid workers and contributed to the overall economic stability of the country. This change reflected a commitment to enhancing the living standards of individuals in the workforce, influencing wage structures nationwide and impacting various sectors of the economy.