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
Through this evening and overnight it will remain cloudy with some persistent rain and drizzle by dawn.
A couple from Wales, who moved to South Africa to live 40 years ago, have been killed on their farmland estate there, police have confirmed.
Our Valleys Correspondent Hannah Thomas has been spending time discovering why the people who live in the Valleys love their communities.