Labour Pledge To Raise Minimum Wage To Eight Pounds Per Hour

Any thoughts?

 

Dunt affect me. Unless it means my wage goes up similarly?

 

"£8 an hour by 2020..."

http://www.bbc.co.uk/news/uk-politics-29299230

 

Minimum wage might go up, but I'm sure they'll put everything else up too so those on MW still can't afford owt

 

You'll still afford your Irn Bru and Bayern Munchen paraphenalia.

 

Just got a job doing some research on the impact of paying both living wage and of increasing minimum wage. I would hope that the government would use the money saved grom reduction in paying working tax credits to help small businesses. If they do that its definitely the right way to go. Though im doing the research for a right wing think tank so I might have to dilute that view a little.

 

Irn Bru is disgusting and I earn more than MW(mrx style) so there.

Super Bayern, super Bayern, hey hey!

 

Problem is. If minimum wage goes up, then so does the product/service of the company to cover their costs.

 

Is there any consensus on what constitutes a living wage in terms of definition and amount?

 

A lot of the companies that pay on or around NMW are not small players they're Footsie 100 companies. Take Capita for example they have no difficulty finding the 12 million plus to pay ths CE.

 

The livingwage.org.uk website is the best reference point for analysis of Living Wage. Current rates are £7.65 outside London and £8.80 in London. Some of the research I will be doing is around reviewing these figures.

 

So on a 35 hour week that would equate to just under 14k. I think you could probably get by on that amount but I'm not sure if it's living as such.

Life is just so bloody expensive

 

Raising the minimum wage is in my opinion not a solution to people living in poverty. All it does is pushes the cost of everything up as like it or not companies charge the most they can get away with and if they know that the poorest in society can afford a little more then they will charge a little more to match. This will put them in exactly the same situation they were in before but now the government is spending more on benefits than they were (as they will have to go up too). They will then put the wage up again and prices will in turn go up again. Spending will go up on benefits. Minimum wage will have to go up, prices go up, benefits go up. Wage goes up again etc. It is a never ending spiral that in the end helps nobody and never will. That said I dont know what the solution actually is

 

Some good points in there. Most of the benefits bill goes to those in work rather than the unemployed to subsidise employers often very rich powerful multinationals and allow them to make even more profits. This needs addressing why should the government prop up companies who thenypay their CE Os millions.

 

Work hard at school kids or most of you that don't will probably end up on the Mwage or just above.

Having said that some who do work hard will still end up on MWage.

That's life, lot of luck involved. You could just kiss arse your way through life but you'd have to be a complete t sser to do that imo.

Someone has to earn poor wages, just glad it ain't me.

Hopethishelps

 

The announcement that they will look to increase the minimum wage is good news, however...

Watching Ed Milliband being interviewed by Andrew MArr this morning, he stated that public service would be able to afford this because low paid people would be taken out of welfare e.g. housing benefit, tax credits etc. Fair enough, but essentially then they won't actually be any better off!
I'm all for saying that work should pay and that people should be paid enough that they don't have to rely on top ups from welfare, but lets get it up to a decent level because if all you are doing is getting it to the income that covers what they receive in top-up benefits then they won't actually notice any difference.

 

Or, work hard at school, work for 30 years in decent paid jobs, get made redundant because government bailed-out companies are allowed to ship jobs abroad, find you have difficulty finding any thing else so what else is there.

It's not just poorly educated and non qualified people having to look at low paid work.