Buzz People

Minimum wage rises 'hit profits, not jobs'

Employment levels have held up following a rise in minimum wage levels despite previous concerns raised by businesses, a report has said.
However, prices have risen in some areas to cover the extra salary costs, according to the Low Pay Commission.
Firms have accepted lower profits and restructured workforces, but think tanks have warned about the impact of future minimum wage rises.
The National Living Wage for those aged 25 and over stands at £7.83 an hour.
It will go up to £8.21 from next April. There are lower statutory minimum wages for younger workers, and a higher voluntary - but unofficial - living wage.
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