30/07/2013 08:14 BST

Inflation Has Killed Minimum Wage, Says Key Architect Sir George Bain

View of a woman's hand holding 17p in British Sterling; the amount which the minimum wage is to increase by.

The national minimum wage is no longer working because its value has fallen, one of its key architects said as a new study showed it could be worth less in 2017 than it was in 2004.