‘What will the minimum wage be next year?’ This is a common question we hear from workers and employers on our visits around the country. Though the final recommended rate is agreed by Low Pay Commissioners through a negotiated process, …
Giulia Giupponi, Bocconi University Sam Ray-Chaudhuri, Institute for Fiscal Studies Xiaowei Xu, Institute for Fiscal Studies February 16, 2024 The introduction of the National Living Wage (NLW) in April 2016 marked the start of a series of increases in the …
What is the National Living Wage? Our main job at the Low Pay Commission is to recommend future National Minimum Wage (NMW) rates. Under the NMW, there are different rates for different age groups and a separate rate for apprentices. …
Why is employment still lower than it was three years ago? Total employment in the UK fell following the pandemic and still has not recovered to pre-pandemic levels. The red line in the figure below shows that in August 2022, …
What do workers look for in jobs? Wages are obviously important. If you asked almost anyone whether they would like to be paid more per hour, they would say yes. But new evidence [1] commissioned by the Low Pay Commission …
