UK’s minimum wage is touching starting salary of college graduates — and it’s a problem

The UK's minimum wage is set to rise by 4% to £12.70 per hour, equating to an annual income of about £26,416 for full-time workers. The increase in minimum wage is nearly matching the starting salaries of many college graduates, raising concerns about the value of higher education and potential social inequality. Businesses may respond to higher wage costs by slowing hiring, increasing automation, or moving work overseas.