As Minimum Wages Rise, Smaller Firms Get Squeezed

State and city lawmakers are pushing for higher minimum wages, but some smaller business owners say raising wages even further is out of the question for them.

Topics:  smaller   minimum wages   
BING NEWS:
  • Tax and pay hikes to see firms pay £2,300 more per low-wage worker this year
    The Centre for Policy Studies has said that it will cost an average of £24,806 to employ someone over 21 earning the minimum wage, which amounts to £2,367 more per person than in 2024 ...
    01/5/2025 - 10:51 pm | View Link
  • Tax and pay hikes to see UK firms pay £2,300 more per low-wage worker in 2025
    UK businesses employing staff on minimum wage will see their costs jump by £2,367 per worker in 2025 due to pay increases and tax hikes announced in Rachel Reeves ’ Budget, new analysis suggests.
    01/2/2025 - 11:00 am | View Link
  • Minimum wage to rise to £12.21 an hour next year
    Minimum wages ... but firms have warned the higher cost could mean they have to cut back on hiring. The minimum wage for over 21s, known as the National Living Wage, will rise by 6.7%, from ...
    10/29/2024 - 7:07 am | View Link
  • Minimum wage to rise 6.7% as Chancellor plots path to ‘genuine living wage’
    The minimum wage will rise to ... difficult for firms to find the headroom to invest in the tech and innovation needed to boost productivity and deliver sustainable increases in wages”.
    10/29/2024 - 7:04 am | View Link
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