It points out that by the time the level rises to around £8.50 an hour for those aged 25 and over – as it is set to do by 2020, 12% of the working population will be drawn into the NMW net. This compares with just 4% who were covered by it in 2015 when the level was £6.70 an hour.
At the £6.70 level, says IFS research economist Agnes Norris Keiller, there was a negligible effect on employment, largely because many of the jobs were in personal service occupations, such as workers in the hospitality or care sectors, which […]
Full Post at economia.icaew.com