Rapid increases in national minimum wage (NMW) rates could result in more jobs becoming automated, according to analysis by the Institute for Fiscal Studies (IFS), which warns that government should look closely at the potential unintended consequences of rising wage rates for the lower paid workforce Pat Sweet In 2015 4% of employees aged 25 and over were on the minimum, but this is set to reach 12% by 2020.
The IFS’s analysis suggests those now being brought within the NMW and the national living wage (NLW) net are in different sorts of jobs to those who have been on […]
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