Minimum wage means companies pay a fairer share

The benefits of an increase in the minimum wage is obvious for the individual but it also sticks the boot in to profit-hoarding companies.

The government announced last week that the national minimum wage is to rise 12p an hour to £6.31 for adults and by 5p to £5.03 for 18 to 20 year olds. This very small boost will come in from October following recommendations from the Low Pay Commission.

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