Impact of Minimum Wage Rise

As the National Minimum Wage rises to £6.50/hour & Ed Miliband pledges a £8 minimum wage if his party are voted in during the next election, the predictable debate about the possible impacts of these changes flares up yet again.

Miliband has made the case for raising the minimum wage by stating that one in five workers are classed as 'low paid' as they earn less than £7.71 an hour.