Author Topic: UK Job Losses  (Read 6789 times)

cheddar-caveman

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Re: UK Job Losses
« Reply #30 on: Mar 19, 2010, 07:39:47 PM »
If the minimum wage went to £12 I'd be very happy, for about a month, as that is about the time it would take for my, and many thousands of other companies to go to the wall!

Every rise in wages has an immediate knock-on effect on product/service cost and so the spiral goes on.
This post is my opinion, which you may not like, but I'm entitled to it.
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Hugh

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Re: UK Job Losses
« Reply #31 on: Mar 19, 2010, 08:22:19 PM »
Yes thousand lost their jobs when the £5 odd came in so increasing it what good would it do ??? ??? ???

John

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Re: UK Job Losses
« Reply #32 on: Mar 20, 2010, 02:17:21 PM »
The £12 post was a little confusing.

What the idea was that if the minimum wage went up say 36 pence per hour.

Everyone on an hourly rate with a stop at £12 received 36 pence per hour.


This would really focus the affects of buying votes and causing job losses (in legal businesses)
when raising the minimum wage by what are quite large percentages.

But of the course the government can do this because they do not have to pay.

No doubt Labour will make great play of this minimum wage (but ignore the European Directive that it was contained in).

Papaumau

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Re: UK Job Losses
« Reply #33 on: Mar 20, 2010, 03:04:41 PM »
You can quite correctly use that argument about the minimum wage as the government should use it to assess the level at which the basic state pension should be set at.

The connection to the inflation rate is too open for fiddles for it to be used so the only sensible connection should be the ratio of the rate of the state pension and the minimum wage to the average wage if either of these rates are trying to be fair.
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