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The minimum wage is 15 years old but the man who designed it, Sir George Bain, says we need a new system. Businesses say being forced to pay people more means they can't afford to hire more workers. It's been criticised for preventing unemployed people getting jobs. In this 90-second summary, Ryan Bourne from the free-market think-tank the Institute of Economic Affairs says the minimum wage is now a flawed concept, but caller Robert from Newcastle says as a father he can barely survive on the minimum wage.
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