"So ... Happy days or sad days
Will the wage increase come from the magic money tree or will prices rise by 15% to cover wages rise and employers contributions.
"
Unfortunately I'd put money on the 2nd option
Large companies are undeniably overcharging using a multitude of excuses but as there's no check's or balances for them they won't stop
Wage's will always be chasing the cost of things, and I can't see them catching up ever |
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"So ... Happy days or sad days
Will the wage increase come from the magic money tree or will prices rise by 15% to cover wages rise and employers contributions.
"
I would guess price rises to cover the extra costs though some places may be able to absorb more of it than others. There is no magic money tree for private business as far as I know. |
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By *hoirCouple 46 weeks ago
Clacton/Bury St. Edmunds |
"So ... Happy days or sad days
Will the wage increase come from the magic money tree or will prices rise by 15% to cover wages rise and employers contributions.
"
The true minimum wage is zero. You should be paid what you are worth.
C |
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I tend to think that organisations should be forced to justify every time that they employ someone on the minimum wage, which should be a rock bottom safety net, rather than it becoming a typical wage.
Pricing will have already factored in this year's wages, which probably means that we're already paying more for things, in anticipation of the rises. Wages are generally very low and little has changed since the financial crash, many years ago. |
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By *hoirCouple 46 weeks ago
Clacton/Bury St. Edmunds |
"Many years ago, a Labour MP, addressing the perceived underpayment of the workers, said "I look forward to the day when everyone earns more than the national average wage".  "
Because they, like so many others, know nothing about economics.
C |
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The living wage is designed to keep wages low for a large number of people in certain industries, like social care factory work etc.
best to get rid of it and pay what the job is worth i.e up with the cost of living. |
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"Is it right that a 21 year old living at home gets paid the same as someone trying to bring up a family ?"
If they are doing the same job? Yes.
Its not your employers job to subsidise the price of your life choices. Their job is to pay you a fair wage for the work performed. Where you live and how you spend that wage is then up to you |
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By *I Two OP Couple 46 weeks ago
PDI 12-26th Nov 24 |
"The living wage is designed to keep wages low for a large number of people in certain industries, like social care factory work etc.
best to get rid of it and pay what the job is worth i.e up with the cost of living."
When in reality some would almost certainly go down. |
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