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
Finance Secretary Mark Drakeford is to become the first Assembly Member to announce that he'll stand in the contest to replace Carwyn Jones
A wet and murky night to come, but at least it will remain mild!
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