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Cut in Minimum Wage
Comments
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grizzly1911 wrote: »Markets will decide nice and low. Shame the cost of living can't be decided by those paying for it.
In that case be prepared for the shanty towns coming to a town near you.
Perhaps we can get rid of governments and just have a cosy dictator too.
The market may or may not decide low but it may lead to an increase in jobs.
That would be better than unemployment benefits.
Cost of living is determined by people like you; what you choose to buy and what you choose not to; about how productive you are, how you have increased your productivity this year, what products you make that are exported.
Collectively we can influence a government to implement low sales taxes, controls the money supply, keeps the value of sterling high; however we don't have any parties that believe in those things.
Our housing problem is better addressed by building more properties rather than maintaining a high NMW via high taxation.0 -
No one can live on NMW. It's OK for house wifes earning a bit of pin money. NMW needs to go up or cost of living down.0
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Deleted_User wrote: »No one can live on NMW. It's OK for house wifes earning a bit of pin money. NMW needs to go up or cost of living down.
Better to be unemployed for life rather that have a NMW job which may well lead to better things.
Higher NMW leads to higher cost of living0 -
Better to be unemployed for life rather that have a NMW job which may well lead to better things.
Higher NMW leads to higher cost of living
How does NMW affect the price of oil, energy, food imports, clothing imports?
In devaluing the pound a number of key basics in life have been increased substantially."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 Muruganantham0 -
Our housing problem is better addressed by building more properties rather than maintaining a high NMW via high taxation.
Not sure what the housing problem has to do with NMW.
If NMW is allowed to fall then with current safety nets the taxpayer will just end up picking up a large part of the difference.
If we want to save taxpayer money and not support those on low wages what level do you think wages should be allowed to sink to and what impact do you think it will have on our current society?
NWM is £2.65 for apprenticeships, £3.68 <18, £4.98 >18<20."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 Muruganantham0 -
grizzly1911 wrote: »If NMW is allowed to fall then with current safety nets the taxpayer will just end up picking up a large part of the difference.
This is the key point. Even at current levels, firms paying minimum wage are doing so knowing that they are being subsidised by the taxpayer. If those businesses are making a profit then part or all of that profit is merely a payment of our taxes to the directors and shareholders.
Individuals are having to suffer benefit cuts because we can't afford the current levels of payments from taxation. Let company directors do likewise by increasing the minimum wage to the living wage."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
grizzly1911 wrote: »How does NMW affect the price of oil, energy, food imports, clothing imports?
In devaluing the pound a number of key basics in life have been increased substantially.
The cost of living is made up of all the things we consume.
It seems somewhat perverse to only mention costs of imports.
If reduce/eliminating the NMW leads to greater employment and cheaper costs of production in the UK, then that may generate a higher consumption of home produced products and more exports.
And of course, offer better prospects for the current unemployed, reduce the benefits bill and benefit society in every way.0 -
grizzly1911 wrote: »Not sure what the housing problem has to do with NMW.
If NMW is allowed to fall then with current safety nets the taxpayer will just end up picking up a large part of the difference.
If we want to save taxpayer money and not support those on low wages what level do you think wages should be allowed to sink to and what impact do you think it will have on our current society?
NWM is £2.65 for apprenticeships, £3.68 <18, £4.98 >18<20.
the reason for mentioning houses was your vision of shanty towns... more and cheaper housing would direct address the issue
as I've already said, on many posts, in the current climate lower wages will provide more jobs...
You're not really asking me to spell out the effects on society of more young (and older) people in gainful employment rather than the dole?0 -
the reason for mentioning houses was your vision of shanty towns... more and cheaper housing would direct address the issue
as I've already said, on many posts, in the current climate lower wages will provide more jobs...
You're not really asking me to spell out the effects on society of more young (and older) people in gainful employment rather than the dole?
If we are already paying less than £5 to large swathes of the young and £6.20 to the older "experienced" workers just how low do you want wages to go?
Are you happy that these wages simply get topped up by state subsidy?
If we keep driving down wages there won't be anything to build"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 Muruganantham0 -
grizzly1911 wrote: »If we are already paying less than £5 to large swathes of the young and £6.20 to the older "experienced" workers just how low do you want wages to go?
Are you happy that these wages simply get topped up by state subsidy?
If we keep driving down wages there won't be anything to build
I have no view as to the correct wage.
Many people (yourself I would guess) get more than the NMW because you have expertise and experience.
Getting started is very important so people can gain experience and expertise.
The fact that it's not a living wage for a person with kids and a mortgage is not the issue.
I don't understand your last line about 'nothing left to build'; we all did OK before the NMW as introduced.0
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