The Adult Rate of the minimum wage (for workers aged 22 and over) should increase from its present hourly rate of £4.85 to £5.05 in October 2005, and to £5.35 in October 2006. The 2006 increase is subject to confirmation by the Commission in February 2006, that the economic conditions continue to make it appropriate.
The Development Rate (for workers aged 18-21 inclusive) should increase from the present hourly rate of £4.10 to £4.25 in October 2005 and £4.45 in October 2006. The Development Rate can also apply to workers aged 22 and above during their first 6 months in a new job with a new employer and who are receiving accredited training.
The Government should invite the Commission to review the operation of the 16-17 year old rate of £3 an hour and to report in February 2006.
(Low Pay Commission report)
I don't know the exchange rate but these are minimum wage rates in the UK - you still pay taxes, council tax, rent etc. but you can claim some benefits to help with these. I guess this was the point I was making in my last post - in the UK at least, sometimes it actually pays better not to work - behaviour I don't in any way condone but do understand though!!