Nmw

scooby088

Well those earning NMW will be getting a rise from £6.19 to £6.31 per hour from tuesday.

AP007

scooby088 wrote: »

Well those earning NMW will be getting a rise from £6.19 to £6.31 per hour from tuesday.

you would never even notice it while the companies are raking in £millions

Takeaway_Addict

AP007 wrote: »

you would never even notice it while the companies are raking in £millions

because every single company with NMW employees rake in millions right?

AP007

Takeaway_Addict wrote: »

because every single company with NMW employees rake in millions right?

well they may do? They are obviously making a profit somewhere and that's why they don't pay staff a living wage but to keep it for themselves.

BurnleyBob

It's the fourth successive year that the NMW has increased by less than the rate of inflation.

Government ministers love to say "making work pay" but omit to add "less" which is the reality.

Takeaway_Addict

AP007 wrote: »

well they may do? They are obviously making a profit somewhere and that's why they don't pay staff a living wage but to keep it for themselves.

Every single company that pays NMW rakes in millions.....get real

AP007

Takeaway_Addict wrote: »

Every single company that pays NMW rakes in millions.....get real

I never said EVERY single one, it was a generalisation that SOME companies must be making big ££. There are a lot of big firms paying NMW

jacques_chirac

AP007 wrote: »

well they may do? They are obviously making a profit somewhere and that's why they don't pay staff a living wage but to keep it for themselves.

You would be surprised - many small business owners make little more than NMW themselves. Often they'd be better off to pack up shop and go into normal employment, but to do so would mean laying off their workforce.

Not all employers are corporates making endless profits.

TrickyWicky

To make a fair point.. companies like Tesco don't exactly favour paying a living wage and I'd be pretty sure they pay many staff the NMW yet look.. they make £millions.

Then there is the local dry cleaners, car valeters etc, all of which make less than £millions yet some will pay the NMW while others will pay a living wage.

Lets face it, they may be big but many companies like the supermarkets also have huge debts that they don't boast about (how do you think they keep building more and more stores? - through sheer profit? - no chance). Most have huge debts somewhere that are planned for over a period of years and as long as they service that and pay their expenses, the rest counts as profit. That may be £millions yet they probably have debts of a £billion or two that they're servicing for the next 25 years that have funded that expansion.

I read somewhere once that BT are still £2 billion in the red from their initial takeover of the public phone system yet they make mega profits too!

When you look at it like that, you have to wonder if 'big' business is even such a good idea because when they colapse (and we all know they do eventually) it has a devastating effect.

Takeaway_Addict

jacques_chirac wrote: »

You would be surprised - many small business owners make little more than NMW themselves. Often they'd be better off to pack up shop and go into normal employment, but to do so would mean laying off their workforce.

Not all employers are corporates making endless profits.

Jacques Jacques Jacques...don't use sensible points please! We must allow the irrational ranting to continue.

AP007

jacques_chirac wrote: »

You would be surprised - many small business owners make little more than NMW themselves. Often they'd be better off to pack up shop and go into normal employment, but to do so would mean laying off their workforce.

Not all employers are corporates making endless profits.

the same way some large businesses pay only the nmw