"The thinktank argues that scrapping youth minimum wage tiers could risk "pricing out" young people from entry-level roles at a time when employers are already scaling back hiring due to rising labour costs."
"Labour's election manifesto committed to ending what it described as "discriminatory" lower pay bands for workers under 21."
""Any increases in the rates would need to be especially cautiously considered in the current economic environment to prevent young people from being priced out of entry into the labour market," the report said."
Nearly one million 16- to 24-year-olds are out of education, employment or training, rising by 195,000 in two years to 940,000. The surge is the highest in more than a decade and may exceed one million. Scrapping youth minimum wage tiers risks pricing young people out of entry-level roles as employers scale back hiring amid rising labour costs. A recent 16.3% rise for 18-to-20-year-olds lifted their rate to £10 while workers 21+ earn £12.21. Ill health and disability now account for over 25% of young NEETs, and unemployment has become the leading cause across genders.
Read at Business Matters
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