The minimum wage has been successful in tackling extreme low pay. Yet despite increases to the wage floor in recent years, we have seen an increase in in-work poverty. The government has committed to increasing the minimum wage for workers aged 21 and over to two thirds of median earnings by 2024. Through doing so, it hopes to end low pay and reduce in-work poverty.
Together with Carnegie UK Trust, Learning and Work Institute have explored how an increase in the minimum wage could be delivered as part of a wider labour market strategy to tackle poverty and improve job quality. Our first report highlighted strong and widespread popular support for a higher minimum wage; our second explored the views of employers and how they may respond to a higher wage floor; and our final report will examine how far the minimum wage can be used to reduce poverty, how it interacts with other aspects of social policy, tax and welfare, and what role it plays in the good work agenda.
This event will explore the results of the three reports of research and discuss what the future of the minimum wage looks like, considering how increases impact on employers, employees and the economy.
If you want to find out more about partnering with us to deliver an event, please contact Mintra Sadler.