National living wage - £7.20 from April 2016

Takeaway_Addict

CCFC_80 wrote: »

It still comes down to the same thing. small employers laying off staff or not setting up a new business because they want to get away with paying scooge wages.


It's all old hat, the same argument was used in 1997 to frighten people into voting for a labour government implementing a NMW. They stated as now, 1000's of jobs would be lost and to reiterate again to my knowledge not a single job was lost as a result of it coming into effect.

There most certainly will be reduction in hours at least in the short term, might not be job losses (though I suspect it might be the final straw for some employers who have held off reducing the headcount in the past few years) as employers reduce their costs to pay for any increases.

An interesting stat if anyone can find it is, what % of people were paid NMW when it was brought in in 1997 compared to now and predicted in 2016. I would expect it to be a much higher % now.

Takeaway_Addict

CCFC_80 wrote: »

It still comes down to the same thing. small employers laying off staff or not setting up a new business because they want to get away with paying scooge wages.


It's all old hat, the same argument was used in 1997 to frighten people into voting for a labour government implementing a NMW. They stated as now, 1000's of jobs would be lost and to reiterate again to my knowledge not a single job was lost as a result of it coming into effect.

Are you an employer? What's the industry and whats the minimum you pay?

silverwhistle

Takeaway_Addict wrote: »

most people are going to be happy with this budget.

You must be flaming joking. Redistribution from the poorer to the better off and redistibution from the younger to the older (often the same thing).

When the changes come fully into effect there are going to be major casualties and deep frustration and despair amongst those who not only haven't benefited but have been asked to pay from scarce resources.

Our spending on education has gone down over the past few years (5.98% to 5.28%) and although I don't have the figures to hand I suspect NHS spending on the old has gone in the opposite direction.

I find Osborne, Grayling, Cameron and particularly IDS as smug, self-interested and odious people.

silverwhistle

GothicStirling wrote: »

Living costs will rise (that means food, petrol and gas/electricity, as well as interest rates that will have to rise sooner or later). So the lowest earners will still be in the same position, in need of tax credits to just get by.

I don't think the labour cost component of petrol and gas/electricity is significant: possible food at the field and retail ends of the chain.

If such a rise meant more money in pockets and a rebalancing of the economy such that those with a propensity to spend (i.e. the less well-off) had more, there would be more circulation of money and a healthier economy.

But there is no sign of that happening with this government as they withdraw in-work benefits and there is no sign that the proportion of income spent on a roof over your head is coming down. The young also have to cope with an increase in education costs: it's as if we don't really want an educated workforce, and the productivity figures prove it.

CCFC_80

Takeaway_Addict wrote: »

Are you an employer? What's the industry and whats the minimum you pay?

No I'm not and what makes you think that???.


Just an ordinary employee who happened to think that the NMW was the best thing ever introduced to everyday ordinary workers The Tory party were then against it and have now turned Full circle.


Without the NMW current employers would probably be getting away on todays terms of paying out about £4.00 per hour and many people would be still happy to take it.

CCFC_80

Takeaway_Addict wrote: »

An interesting stat if anyone can find it is, what % of people were paid NMW when it was brought in in 1997 compared to now and predicted in 2016. I would expect it to be a much higher % now.

Would also be interested in that and would suspect it was quite a lot seeing as at the time many employers cried wolf and said it was going to cost them 1000's of jobs.

Takeaway_Addict

CCFC_80 wrote: »

No I'm not and what makes you think that???.


Just an ordinary employee who happened to think that the NMW was the best thing ever introduced to everyday ordinary workers The Tory party were then against it and have now turned Full circle.


Without the NMW current employers would probably be getting away on todays terms of paying out about £4.00 per hour and many people would be still happy to take it.

Because you seem to think running a business is easy and all employers are just taking the proverbial....just wondered why you've not bothered to start your own business?

Takeaway_Addict

CCFC_80 wrote: »

Would also be interested in that and would suspect it was quite a lot seeing as at the time many employers cried wolf and said it was going to cost them 1000's of jobs.

1.9m on NMW as of its introduction of 27.4m people in work so 6.9%

http://www.politics.co.uk/reference/national-minimum-wage

6m employees will be on £7.20 as of April 2016, current employment is just over 31m so let's say 31.2 by April 2016 which is 23.07%

http://www.bbc.co.uk/news/uk-politics-33437115

CCFC_80

Takeaway_Addict wrote: »

Because you seem to think running a business is easy and all employers are just taking the proverbial....just wondered why you've not bothered to start your own business?

Never felt the want to do so and just doesn't float my boat. Maybe if I did want to start my own business I would have a conscience and would want to pay my employees a decent wage. These people would be rubbing their hands with glee if ever the NMW was abolished.

Takeaway_Addict wrote: »

1.9m on NMW as of its introduction of 27.4m people in work so 6.9%

http://www.politics.co.uk/reference/national-minimum-wage

6m employees will be on £7.20 as of April 2016, current employment is just over 31m so let's say 31.2 by April 2016 which is 23.07%

http://www.bbc.co.uk/news/uk-politics-33437115

An interesting stat. I suspect the percentage of the NMW when introduced in 1997 was a much lower percentage of the average wage then it is now. Also many big employers like the big supermarket 4 see the NMW as a point on starting salaries where as in 1997 they wouldn't have and would have paid above NMW.

Takeaway_Addict

It won't let me edit the % but its 19.2% not 23%. Smile CC, not employers are evil and money grabbing you know