The national minimum wage for British workers is set to be lower for workers in real terms than it was nearly a decade ago, according to a new report.Even after it is increased later this year inflation means it will be worth less than it did in 2004, a think tank has claimed.
The Resolution Foundation said October's planned 11p an hour rise to £6.19 was the third successive below inflation increase.
The report, written by Professor Alan Manning of the London School of Economics, said that while recent caution on increases was justified, the impact of the minimum wage had now "stalled".
The value of the statutory rate had "flatlined" to just over 50% of median earnings, compared with 60% in other countries including France.
Resolution Foundation senior analyst James Plunkett said: "After 13 years of detailed studies into its impact, the benefits of the national minimum wage are now beyond doubt. Read More
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