The upcoming above-inflation increase in the minimum wage could speed up the replacement of human jobs with robots, according to a new report by the Institute for Fiscal Studies (IFS).
By 2020, companies will be obliged to pay employees above the age of 25 a minimum of £9 an hour. In 2015, 4 per cent of employees aged 25 and over were on the minimum wage; this is set to reach 12 per cent by 2020.
The IFS analysis shows that those being brought within the minimum wage net are in different sorts of jobs to those who have been on […]
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