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MSE News: Minimum wage up by 12p per hour from October
Former_MSE_Helen
Posts: 2,382 Forumite
"The national minimum wage will increase for adults, young people and apprentices from 1 October this year..."
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Minimum wage up by 12p per hour from October
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Minimum wage up by 12p per hour from October
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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"Inflation? Never heard of it!"
This is a very disappointing increase and certainly doesn't resonate with the "making work pay" pledge we keep hearing about.
So with 2.8% inflation, surely they need to be pitching their increases around the 5.6% mark and not less than 2%!0 -
An increase is always welcome, but £6.31 is still not a living wage.
Even with the new benefits cap a single person can claim £350 per week on benefits yes? Calculated on a standard 37.5 hours week, thats £18,200 per year and yet the minimum wage is only £12,304 per year?
Being on benefits should never be more lucrative than working for a living. Never.You had me at your proper use of "you're".0 -
"Inflation? Never heard of it!"
This is a very disappointing increase and certainly doesn't resonate with the "making work pay" pledge we keep hearing about.
So with 2.8% inflation, surely they need to be pitching their increases around the 5.6% mark and not less than 2%!
Only if you want to cripple small to medium businessess...
2% is about right and higher than I expectedDon't trust a forum for advice. Get proper paid advice. Any advice given should always be checked0 -
For some it's not if you only get JSA (£71.70)Lovelyjoolz wrote: »An increase is always welcome, but £6.31 is still not a living wage.
Even with the new benefits cap a single person can claim £350 per week on benefits yes? Calculated on a standard 37.5 hours week, thats £18,200 per year and yet the minimum wage is only £12,304 per year?
Being on benefits should never be more lucrative than working for a living. Never.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 -
Work does pay"Inflation? Never heard of it!"
This is a very disappointing increase and certainly doesn't resonate with the "making work pay" pledge we keep hearing about.
So with 2.8% inflation, surely they need to be pitching their increases around the 5.6% mark and not less than 2%!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 -
For some it's not if you only get JSA (£71.70)
Yes but is that if you live at home? with parents I mean? and belive me I know that is very low money to live on.Some Days are Diamonds Some Days are Stones,Sometimes the hard times won't leave meBSC 162:beer:Banktupt 22 Oct 2008 at 10am!0 -
It's not just living with parents it anyone who is counted as family so maybe a sister, aunt etcYes but is that if you live at home? with parents I mean? and belive me I know that is very low money to live on.
People still have to pay 'rent' to families.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 -
Lovelyjoolz wrote: »An increase is always welcome, but £6.31 is still not a living wage.
Even with the new benefits cap a single person can claim £350 per week on benefits yes? Calculated on a standard 37.5 hours week, thats £18,200 per year and yet the minimum wage is only £12,304 per year?
Being on benefits should never be more lucrative than working for a living. Never.
Surely a living wage depends on how much you spend on living? As a single person, I could happily maintain my current standard of living on 20 hours a week at minimum wage. A full time job on minimum wage would feel like luxury after being a student.0 -
I'm not sure why my original post caused discord with certain people.
Here's the natural flow of below-inflation wage rises:
Disposable income ---> Subsistence only ---> Arrears
While you may see it as crippling to small and medium businesses, you've also got to remember that when you reduce disposable income, you limit peoples' engagement with products and services, which in turn, damages small to medium businesses, many of whom cannot match the discounts of their large rivals.
In fact, as money becomes less available, ALL spending will decrease, so even the biggest corporations will start to see losses.
So while boosting your employees' wages may be a difficult pill to swallow, it must inevitably be swallowed.0 -
What is not mentioned by the op stating jsa pays £70+ a week is that it also includes Housing and council tax benefit , a person working 40 hours a week on minimum wage has to pay rent and council tax, I worked for 4 months on minimum wage last year before finding better work , 40 hours a week slogging it out on nights for just over £30 a week more than if I was on JSA , why people would rather claim benefits for doing nothing isn't really hard to see is it?0
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