What a surprise: it looks like firms compensated to some extent for the large rise in the minimum wage by reducing the pay rises they offered to their other workers.
(Overall, average pay rose less quickly than in the previous period.)
(Overall, average pay rose less quickly than in the previous period.)
Reposted from
Reuters
UK private-sector pay settlements fall despite higher minimum wage, data shows reut.rs/3FP3qDH
Comments
My experience as an employer is that an increased minimum wage tends to push wages up for the next few tiers of workers as well to maintain relativities.
Which might not be all bad.