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The cost of the minimum wage increase to you

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    probably there will be a reduction in employment resulting from the increase expecially the £9 promised
    however, by restricting immigration the UK should be able to mitigate the worst of the undesirable effects.

    Restricting immigration also restricts the size of the consumer market so that makes no difference.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
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    HAMISH_MCTAVISH wrote: »
    Restricting immigration also restricts the size of the consumer market so that makes no difference.

    so you believe that increasse or decrease population all just cancel out and makes no economic differcence


    so why feel so passion about wanting immigration?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    so you believe that increasse or decrease population all just cancel out and makes no economic differcence

    I didn't say that at all.

    I noted that with regards to employment restricting the number of people also restricts the size of a consumer market and thus the number of jobs.
    so why feel so passion about wanting immigration?

    Split a large debt between 10 people and its a lot less per person than splitting it between 5 people.

    Split a large aged care cost between 5 workers and it's a lot less per person than splitting it between 2 workers.

    In case you hadn't noticed we have a large debt. And large aged care costs.

    And EU migrants pay in more than they take out....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    I didn't say that at all.

    I noted that with regards to employment restricting the number of people also restricts the size of a consumer market and thus the number of jobs.



    Split a large debt between 10 people and its a lot less per person than splitting it between 5 people.

    Split a large aged care cost between 5 workers and it's a lot less per person than splitting it between 2 workers.

    In case you hadn't noticed we have a large debt. And large aged care costs.

    And EU migrants pay in more than they take out....



    now I understand how 1 million young immigrants increases demand in the economy for essential imports like food, fuel, gas etc
    but I'm less clear how they increase the demand overseas for UK high tech products to pay for the essential imports
  • cells
    cells Posts: 5,246 Forumite
    CLAPTON wrote: »
    now I understand how 1 million young immigrants increases demand in the economy for essential imports like food, fuel, gas etc
    but I'm less clear how they increase the demand overseas for UK high tech products to pay for the essential imports


    maybe they allow a lower tax economy which allows the export industries to function?
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    Plus we're not breeding fast enough, our current system relies on ever growing population paying taxes to fund the largess of the previous generation(s)

    Immigration helps plug that gap
    Left is never right but I always am.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    My nursery costs have increased by about £8 a month. We were told that this increase was due to the minimum wage going up. I still support it - I want the people who look after my daughter to be paid properly for doing so.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    cells wrote: »
    maybe they allow a lower tax economy which allows the export industries to function?




    Or maybe the exact opposite: no need to innovate when all the problems of the UK economy are solved by adding millions more immigrants.
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