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Minimum wage could be cut
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because its told employers what to pay where as before it was supply and demand and the whole point of it being brought in was to minimize the number not on a 'living wage' where in fact its created more.
I believe Germany don't have a NMW and they seem to be doing just fine.Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked0 -
Takeaway_Addict wrote: »because its told employers what to pay where as before it was supply and demand and the whole point of it being brought in was to minimize the number not on a 'living wage' where in fact its created more.
I believe Germany don't have a NMW and they seem to be doing just fine.
Do away with it now it will price many Brits right out of the market in favor of Eastern Europeans with a 5/6 way house share who can afford it.0 -
Do away with it now it will price many Brits right out of the market in favor of Eastern Europeans with a 5/6 way house share who can afford it.We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0
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The only people in favour of abolishing or significantly lowering minimum wages are big business owners because it allows more money for their own pockets. It's basically just greed. The end result of no minimum wage is lower skilled workers being shafted and forced to work for peanuts which isn't right to me.
I had to laugh at the if it affects the economy line as well. The only thing messing up the economy even more at the moment is the awful policies of this government.0 -
When I was job hunting backing in the early 90's the wage I was regularily being offered was £3.80 per hour, I for one am glad the NMW came in as it does guarantee a wage above the rubbish wages which were offered years ago. To cut or abolish the NMW would be foolish in my opinion.0
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Plans have now been scrapped apparently, The probably saw the fuss it was creating and back tracked.0
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