Under the Conservatives' plans, the share of 21 to 24-year-old employees affected by the minimum wage would rise from 9% today to 36% by 2024.
The IFS admitted rises in the minimum wage had so far been beneficial without harming employment but the tipping point was not known. She added:"Recent minimum wage rises have boosted earnings and there is little evidence that they have damaged employment, so there may well be scope for further increases. But both the Conservatives' and Labour's plans would take us into uncharted waters.
I would love to pay a 16 yo £10 an hour but in the building trade on price it’s not possible, it will cause an even bigger skills shortage in the building trade
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