MSE News: Minimum wage to rise by less than 2%

topher1979

JimmyTheWig wrote: »

Fromt he article, it appears he belives that 1.8% is "far" to high. I wonder if he'll be turning down anything above what he feels to be reasonable.

I wonder if the pay rise of the director-general of the British Chambers of Commerce will have a material impact on the global competitiveness of British industries... Probably not, but a minimum wage far above the wages of most Chinese, Indian etc workers does.
Will you still be demanding higher wages when unemployment reaches 20%?

MUMZ2BEE

So the Minimum Wage is only going up by less then 2%!!

How disgusting is this!!

What with high food costs, rip off petrol duty, utility bills, etc etc no wonder people are struggling for money!!

I think the Minimum Wage is diabolical and should rise with in line with living standards!!

It is no wonder so many people are on benefits in this country if the Minimum Wage does not cope with the standard living costs!!

Come on David Cameron sort it out!!

u704446

MUMZ2BEE wrote: »

...Come on David Cameron sort it out!!

But surely the most important thing is to reduce the 50% tax rate !

ses6jwg

benefits went up by 5% earlier in the year

another punch in the face for the low paid worker

better off on benefits.

Milarky

All past years' rates:

http://www.lowpay.gov.uk/

horace_2

Apparently, the minimum wage was a `triumph` after 12 years of Labour rule.

Amazing!

h

u704446

horace wrote: »

Apparently, the minimum wage was a `triumph` after 12 years of Labour rule.

Amazing!

h

For the poorest, it sure is. So you would like to get rid of it?

rmg1

I think the minimum wage is a good idea (in theory). It forces employers to pay "a fair days pay for a fair days work". Having said that I think it's too low, especially with tax credits being changed from 16 to 24 hours a week.

I'd like to see John Longworth swap places with someone on minimum wage for a month and see if he can cope. It's OK for people like him and the politicians on higher wages saying everything's rosy and people should get better paid jobs themselves, but employers aren't willing to pay for it.

They know they can get away with paying people a pittance so they will.

As for the tax cuts, why shouldn't someone on £250,000 a year (abitrary figure, I know) pay more in tax than someone on minimum wage (and I'm talking percentages not value).

Can't remember who said it, but it's true, "the rich get richer and the poor get poorer".

If you're on £250,000 a year, you can afford an accountant to make sure you pay the minimum amount of tax possible through all sorts of loopholes, if you're on minimum wage you can't.

Killmark

rmg1 wrote: »

If you're on £250,000 a year, you can afford an accountant to make sure you pay the minimum amount of tax possible through all sorts of loopholes, if you're on minimum wage you can't.

You'd likely still end up paying a lot more in tax simply through VAT and thus be a far bigger net contributor than someone in NMW.

The taxation system in its current form discourages people from trying to increase their salary (i.e Therefore reducing CTC, HB, CTB).

Lets take a graduate with a student loan and a family to support. They are earning say £26,000 (national average wage), For recieve a moderate amount of CTC as their partner is raising young children.

They are offered the opportunity for overtime, they will lose approx 39p out of every pound in tax, then due to the increase in income lose another 41p in Tax Credits, leaving them with 20p per pound earned, per hour.