The National Living Wage is set to rise from £8.91 per hour to £9.50 in the Budget on Wednesday.
This is a 6.6% increase in the minimum wage for all those aged 23 and over - more than twice the current 3.1% rise in the cost of living and will take effect from 1 April next year.
Commenting, Welsh Conservative shadow minister for social partnership, Joel James MS said:
“The increase of the national living wage is great news and further proof that Conservatives are on the side of hardworking people who want to get on in life.
“This sends a clear message that the British Government will end low pay by the end of the current Parliament and sets a clear example to all employers to value and invest in their staff.
“Sadly, after 22 years of Labour holding back the Welsh economy, our workers take home some of the lowest pay packets in Britain, with almost a quarter of people trapped in poverty.
“However, people will see now their wages rise as a result of the Chancellor’s announcement, as the British Government ensures we're making work pay in the absence of any coherent economic policy to deliver prosperity for Wales from Labour ministers in Cardiff Bay.”