Impact of the National Minimum Wage
The government is planning to implement a new National Minimum wage policy on 1st October 2009. Today BIS has published final assessment of the impact the National Minimum Wage Regulations (NMW) will have on the economy.
On 1st October the hourly rates of low paid workers will increase to £5.80 for 22 year olds and above, £4.83 for 18 to 21 year olds and to £3.57 for 16 to 17 year olds.
The government made the decision on the minimum rates after analysis of recommendations made by the independent Low Pay Commission.
Designed to remove barriers which halt equality, the NMW policy is meant to have a positive impact on all workers in low paid sectors. However, the group most likely to benefit from the uprating are women, ethnic minorities and people with work-limiting disabilities as they are more involved in the labour market and in low-paying sectors.
On 1st October the hourly rates of low paid workers will increase to £5.80 for 22 year olds and above, £4.83 for 18 to 21 year olds and to £3.57 for 16 to 17 year olds.
The government made the decision on the minimum rates after analysis of recommendations made by the independent Low Pay Commission.
Designed to remove barriers which halt equality, the NMW policy is meant to have a positive impact on all workers in low paid sectors. However, the group most likely to benefit from the uprating are women, ethnic minorities and people with work-limiting disabilities as they are more involved in the labour market and in low-paying sectors.
posted by London Registrars at
17:28
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