Labour urged to rethink scrapping minimum wage youth rates amid ‘Neets’ rise
The Resolution Foundation, a think tank, has urged the Labour party to reconsider its pledge to scrap youth rates of the minimum wage. This comes amid a sharp rise in the number of 16- to 24-year-olds who are not in education, employment, or training (NEET). The report warns that removing the lower youth rates could price these young people out of entry-level jobs. The think tank fears that the growing NEET population could be further disadvantaged if the minimum wage policy is implemented. The article suggests that Labour's manifesto pledge to abolish the youth minimum wage rates may need to be reconsidered in light of the concerning trend in the NEET demographic. The think tank's recommendation aims to strike a balance between workers' rights and providing employment opportunities for young people.
Source: For the complete article, please visit the original source link below.
