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Cut in Minimum Wage

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Comments

  • presumably the worker is saving the company money in overheads, using his own heating, rent,electricity,gas,phone,water etc!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If their business model worked they would already have gone.

    Plenty of overdebted zombie companies hanging on saved by low interest rates. Recession normally means a clear out of the weak and unsustainable. So that new companies grow from the wreckage. Current policy is meaning the process is taking far longer.
  • N1AK
    N1AK Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts
    Fella wrote: »
    Instead of what actually happens which is the Company is not profitable if it has to pay minimum wage, therefore it doesn't exist, the job doesn't exist, and the taxpayer pays far far more since they're now supporting someone with no income at all.

    The solution isn't to allow wages to race to the bottom and make up ever more of the gap with bigger benefits; if a job is only worth £3 an hour then it isn't a job that can support a western lifestyle and we shouldn't be trying to bring in jobs like that any way. We should be working to get more of the population trained and motivated to do jobs that can justify a wage high enough to live on.
    Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    N1AK wrote: »
    The solution isn't to allow wages to race to the bottom and make up ever more of the gap with bigger benefits; if a job is only worth £3 an hour then it isn't a job that can support a western lifestyle and we shouldn't be trying to bring in jobs like that any way. We should be working to get more of the population trained and motivated to do jobs that can justify a wage high enough to live on.


    and presumably in the mean time, while we get the population trained and motived etc.
    we accept high unemployment and massive benefits payments even though thee may be people willing to work for low wages

    maybe we should also ban unpaid voluntary work as not really being the sort of nonsense we want in the UK
  • Things cost what they cost and it is perfectly obvious that if a worker is going to starve or freeze to death on what he gets then he can't do that job. It shouldnt cost the worker more than he earns to actually get to the job for instance.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Thrugelmir wrote: »
    Plenty of overdebted zombie companies hanging on saved by low interest rates. Recession normally means a clear out of the weak and unsustainable. So that new companies grow from the wreckage. Current policy is meaning the process is taking far longer.

    The fact that they are zombie companies shows their business model has failed.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Fella wrote: »
    I disagree. Someone on a 40-hour week would still net £500 a month for doing an easy job working from home.

    Are you prepared to give people £500 a month for doing something easy from home? If so I can send you my bank details.

    I am sure many people already work at that sort of level, from home, irrespective of the minimum wage.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • [Deleted User]
    [Deleted User] Posts: 7,175 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    A notice caught my eye in Lidl today: Staff Wanted... £6.50/hour .... and as I walked past it and out into the car park I wondered..... "isn't that the same rate of pay they were paying back in 1997 when I first heard of them and their high pay"?

    Used to be a high paying till job ..... and the rate seems to have sat there, waiting for NMW to catch it up.

    I'm sure back then, working for Lidl and Aldi, you had to sort your own tax and NI out. Now I think they do it for you like any other employer.
  • Fella
    Fella Posts: 7,921 Forumite
    1,000 Posts Combo Breaker
    I am sure many people already work at that sort of level, from home, irrespective of the minimum wage.

    Yes I agree, that's precisely my point? My mum, for example, happily knits stuff & sells it on ebay & I imagine the hourly rate is very low. She enjoys it though so it's worth it.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Fella wrote: »
    Yes I agree, that's precisely my point? My mum, for example, happily knits stuff & sells it on ebay & I imagine the hourly rate is very low. She enjoys it though so it's worth it.

    There is a difference doing it for "pocket mone" or as a top up rather than looking to do it as a main income source.

    If that is what UK plc is going to become politicians should be frank and honest about and prepare for the consequences.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
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