Dramatic minimum wage rises will put low-paid jobs at risk, says IFS

Thinktank says planned pace of increase for rest of decade could price workers out of a job, with young people worst affected

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Dramatic increases in the minimum wage planned by Labour and the Conservatives after the general election will put the jobs of low income workers in danger, a leading tax and spending thinktank has warned.

The Institute for Fiscal Studies said accelerating the pace of rises in the minimum wage and the "national living wage" (NLW) for the rest of the decade could price workers out of a job, with young people the worst affected.