The government have announced plans to shake up the minimum wage system which could have major implications for young employees.
Jonathan Reynolds, the new Business Secretary, has ordered the Low Pay Commission (LPC) to look into how the minimum wage is calculated and to factor in the cost of living when setting rates.
He has also asked the LPC to narrow the gap between the minimum wage for 18-20 year olds and the national living wage.
The move builds on changes made by the last government, which in 2021 reduced the age threshold at which a worker qualifies for the national living wage from 25 to 23 and then, in April this year, reduced the threshold from 23 to 21.
The news will be welcomed by many young people, with complaints being that those doing the same job should be paid the same, regardless of age.
But this isn't without risk.
Some are worried that narrowing the gap could make it harder for young people to get work, as someone with potentially more experience could be employed for the same amount.
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Big changes ahead for young workers! The government plans to adjust minimum wage rates to better reflect the cost of living.