The minimum wage acts as a floor on pay, protecting workers while ensuring job creation for the unemployed continues.
The living wage must remain an aspiration that helps some firms pay more, but many companies simply can't afford it. Moving away from a voluntary approach would undoubtedly damage our unemployment rate.
The best way to boost wage growth in the longer term is to build a sustainable recovery and invest in the productivity growth that will boost wages.
More top news
Some interesting weather to start the weekend, with a yellow warning to "Be Aware" of heavy rain! But it will get better!
When a wave took a woman's false leg into the sea at Freshwater East, Gertie the dog knew she only had one chance - and leapt into action.
A nurse has been struck off for mocking dementia patients. Paris Roberts from Adamsdown worked at Atlantic View care home in Cardiff Bay.