This essay examines the arguments for and against abolishing the National Minimum Wage (NMW). It defines minimum wage, its historical context in the UK, and its aims (equity, labor market incentives, combating discrimination). The essay details the different NMW rates based on age in the UK. It then explores the economic arguments surrounding the NMW, including criticisms that it creates deadweight loss and unemployment, and counterarguments that it improves living standards, reduces poverty, and increases worker morale. The author concludes that the NMW should not be abolished due to its positive impacts on low-income families and its role in reducing poverty and inequality. The essay supports its arguments with references to various academic journals and government websites.