Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Living Wage: our survey says.......

BobQ
BobQ Posts: 11,181 Forumite
Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
edited 19 November 2015 at 10:31PM in Debate House Prices & the Economy
http://www.cipd.co.uk/pressoffice/press-releases/nlw-rf-release-181115.aspx?utm_medium=email&utm_source

Impact of Osborne's political ruse.......confusion, higher prices, more productivity, less jobs who knows?
Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
«13

Comments

  • What's a syrvey?
  • antrobus
    antrobus Posts: 17,386 Forumite
    BobQ wrote: »
    http://www.cipd.co.uk/pressoffice/press-releases/nlw-rf-release-181115.aspx?utm_medium=email&utm_source

    Impact of Osborne's political ruse.......confusion, higher prices, more productivity, less jobs who knows?

    Do you mean to say that Ed M was wrong?

    “We will set new ambitions for the minimum wage. A minimum wage by 2019 reaching its highest ever proportion of average earnings, rising to more than £8 an hour, because we are determined to write the next chapter in the fight to end low pay."

    http://www.theguardian.com/politics/2015/apr/13/labour-manifesto-pledges-to-boost-minimum-wage-and-cut-deficit
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    BobQ wrote: »
    http://www.cipd.co.uk/pressoffice/press-releases/nlw-rf-release-181115.aspx?utm_medium=email&utm_source

    Impact of Osborne's political ruse.......confusion, higher prices, more productivity, less jobs who knows?

    Love the distinction drawn in the report between 'raising productivity' and 'employing fewer staff' when of course they are the same thing. :rotfl:
    I think....
  • Moby
    Moby Posts: 3,917 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    antrobus wrote: »
    Do you mean to say that Ed M was wrong?

    “We will set new ambitions for the minimum wage. A minimum wage by 2019 reaching its highest ever proportion of average earnings, rising to more than £8 an hour, because we are determined to write the next chapter in the fight to end low pay."

    http://www.theguardian.com/politics/2015/apr/13/labour-manifesto-pledges-to-boost-minimum-wage-and-cut-deficit
    Was Ed Miliband going to reduce tax credits as well?
  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    michaels wrote: »
    Love the distinction drawn in the report between 'raising productivity' and 'employing fewer staff' when of course they are the same thing. :rotfl:

    Only if production remains the same. It could mean doing/producing more with the same number of people as at present.
  • System
    System Posts: 178,354 Community Admin
    10,000 Posts Photogenic Name Dropper
    chris_m wrote: »
    Only if production remains the same. It could mean doing/producing more with the same number of people as at present.


    Exactly. It could mean dispensing with lower paid unskilled jobs and replacing them with higher calibre staff plus more capital investment.

    That presumably is the intention of a national minimum wage - to drive unskilled workers out of the economy. A bit like a scrappage scheme.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • cells
    cells Posts: 5,246 Forumite
    Exactly. It could mean dispensing with lower paid unskilled jobs and replacing them with higher calibre staff plus more capital investment.

    That presumably is the intention of a national minimum wage - to drive unskilled workers out of the economy. A bit like a scrappage scheme.


    Drive low paid work out does not mean drove low skill people out of the workforce. People can always upskill and there is a constant churn of new entrant's in and retirees out. So even if you can't teach an old dog new tricks 20% of the workforce retires per decades so long term it should be OK
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    cells wrote: »
    People can always upskill

    Try suggesting that to them. They get uppity as it's kind of suggesting that their low pay is somehow their own fault!
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    chris_m wrote: »
    Only if production remains the same. It could mean doing/producing more with the same number of people as at present.

    In other words rather than increasing employment to increase production, instead other methods not using so much Labour will be used = less employment than otherwise.
    I think....
  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    michaels wrote: »
    In other words rather than increasing employment to increase production, instead other methods not using so much Labour will be used = less employment than otherwise.

    But not less employment than at present.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.