WE’VE all heard of the LBD – the little black dress.

They’re bought and occasionally used for parties and special days out with visions of Audrey Hepburn in Breakfast at Tiffany’s.

But they can be an expensive purchase.

Well this week a company have launched a MWD.

Rather than let you grope around in the dark trying to figure out what M and W stand for, I’ll put you out of your misery; It’s a Minimum Wage Dress.

The new creation from online etailer shelikes.com costs £3.68 – the same hourly minimum wage as enjoyed by under 18s.

It’s available in neon green, pink and black.

The creators say that rather than having to buy expensive clothes which don’t get used a lot, the cheap dress can be used just a few times and that’s it, you’ve got your money’s worth.

I’m sure environmentalists among us will be delighted at that resource-chomping message.

The other thing with clothes is the fit. Is it figure accentuating or is it something that makes you feel like you’ve left the hanger in the back and have suddenly developed one leg longer than the other?

For instance, does the model above actually have a humpback, knock-knees and fantastic moustache but the dress managed to iron out those cosmetic wrinkles? Probably not.

The other side effect of this dress may be for parents to demand an increase in the minimum wage for teenagers – let’s face it I can’t imagine many dads who wouldn’t want to see a bit more material used to make the skirt that touch longer.