Image: The IFS report sees humans being potentially priced out of work by automation A report for the economic think tank urges "extremely careful" monitoring of wage rates over the coming years as statutory pay goes up and employers look to cut costs.
The National Living Wage, which applies to workers aged 25 and over, is set to rise to £7.83 per hour from April from a current rate of £7.50.
Current ambitions will see it hit 60% of median wages in 2020 – around £8.56 if forecasts prove accurate. Could robots replace human workers? The IFS said those set to […]
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