Young people may be priced out of work, Government pay advisors warn.
Official figures last month showed that almost 1 million of the 2.5 million people officially counted as unemployed in Britain are aged between 16 and 24.
The Low Pay Commission is now commissioning research into the role the minimum wage has played in Britain’s growing youth unemployment problem. This intervention has come at a time where there have been calls from businesses to freeze the rate in order to enable more young people to find employment. It is thought that companies may be reluctant to create jobs for inexperienced staff because of the increase in wages.
New rates for the minimum wage took effect on Saturday. For 18-20 year olds, the minimum wage is now £4.98, up from £4.92. For 16-17 year olds, the new rate is £3.68, up from £3.64.
For a full article on this topic, click here
Website: The Telegraph
Amanda Frewin
Research & Project Support
– Young people may be priced out of work
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Official figures last month showed that almost 1 million of the 2.5 million people officially counted as unemployed in Britain are aged between 16 and 24.
The Low Pay Commission is now commissioning research into the role the minimum wage has played in Britain’s growing youth unemployment problem. This intervention has come at a time where there have been calls from businesses to freeze the rate in order to enable more young people to find employment. It is thought that companies may be reluctant to create jobs for inexperienced staff because of the increase in wages.
New rates for the minimum wage took effect on Saturday. For 18-20 year olds, the minimum wage is now £4.98, up from £4.92. For 16-17 year olds, the new rate is £3.68, up from £3.64.
For a full article on this topic, click here
Website: The Telegraph
Amanda Frewin
Research & Project Support