Starting April 2022, the national living wage in the UK will go up. Those over the age of 23 will earn £9.50 an hour, that is, a 6.6. per cent increase from the present wage of £8.91 per hour.
For those in the 21 to 22 age bracket, the minimum wage will increase from £8.36 to £9.18.
These hikes have been approved by the Low Pay Commission.
Of course, not everyone is happy with the hike. Some say it is inadequate, and that the hike should have taken the minimum wage to at least £10 per hour for full-time employees. Those who disapprove, argue that this hike will all be negated with the increase in taxes and universal credit cuts.
The UK government, however, maintains that the hike will result in increased earnings for the full-time employees, and that the low-paid full-time workers will earn about £1,000 a year. Earlier, these low-paid employees were losing out because of the annual £1,000 cut in universal credit and suffering the effects of inflation.
Interestingly, salaries increased for most workers in 2021, especially those that faced the maximum impact of the pandemic in 2020, that is, the low-paid workers, youth and men.
The salaries in jobs such as cleaning, labour and other basic occupations, went up by 7.7 per cent, while pay for managers and directors remained unchanged.