The current minimum wage system is no longer fit for purpose and needs reform if it is to repeat the successes of its first 15 years.
The current minimum wage system is no longer fit for purpose and needs reform if it is to repeat the successes of its first 15 years.
Britain’s growing minimum wage workforce includes 320,000 people who have been trapped on the lowest rung of the pay ladder for five years or more, according to a new report from the Resolution Foundation.
Research from the Federation of Small Businesses (FSB) has found that half (49%) of small businesses with employees on the National Minimum Wage have either increased wages in the last 12 months or are considering raising pay. The data shows less than a quarter (23%) of small firms have any staff on minimum wage, down from 27% in 2012.