| Minimum wage increasing by 9.8% 08:45 - Nov 22 with 4149 views | geg1992 |
Interested to hear peoples thoughts on this. I'm surprised how high it is, I assume as the election looms.
On one hand I'm happy that those struggling will have more in their pocket.
On the other hand, surely this will put pressure on services inflation again? I must admit that I don't know a huge about economics and I'm just learning so happy to be corrected and hear other peoples thoughts.
Also, I have seen many posts arguing that this makes the average earner worse off, as minimum wage has increased twice by close to 10% in the past 2 years yet many average earners wages have increased below this, some not at all.
On LinkedIn, I have seen many people also argue that this puts more pressure on businesses at a time where many are struggling.
Hopefully this doesn't turn into a 10 page argument. [Post edited 22 Nov 2023 8:46]
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| Minimum wage increasing by 9.8% on 11:06 - Nov 22 with 811 views | jaykay |
| Minimum wage increasing by 9.8% on 10:15 - Nov 22 by bluelagos |
Good man - your conversion from Tory party member (They very much opposed it when introduced) to man of the people is almost complete :-) |
i remember those days well . if memory serves me right not one tory m.p. voted for it in 1998 where as every other party m.ps. in the commons voted it in.
the tories said most small firms would go bust.
trouble is small majority of bad firms use this as a maximum wage not minimum |  |
| forensic experts say footers and spruces fingerprints were not found at the scene after the weekends rows |
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| Minimum wage increasing by 9.8% on 16:57 - Nov 22 with 734 views | You_Bloo_Right |
From a business perspective, isn't it SMEs that would be most impacted by a minimum wage increase?
Big companies can absorb it I would assume. Smaller organisations may have more of an issue? Whether that issue results in taking on fewer staff or actually folding altogether depends on the business I guess and how well/badly it is currently doing. |  |
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| Minimum wage increasing by 9.8% on 17:26 - Nov 22 with 705 views | stonojnr |
Well as an example most bar staff get paid this "living wage", so if it goes up 9.8% that's the wage bill up by 9.8%, where do you think most of those running pubs from individual landlords upto big pubcos will look to source that increase from because its not the government that pays it ?
Now it might not translate into a direct 9.8% increase on prices, there are NI savings and freezes on various other elements that translate into pub costs they might offset against it
But the ONS noted the price of beer rose 10% this year already, this will be at least another 10-20p on a pint I reckon when it hits or if landlords are smart they put the price up now, get the Christmas trade to cover it, because January is going to be very bleak for them. |  | | |
| Minimum wage increasing by 9.8% on 17:50 - Nov 22 with 692 views | MK1 |
Some bloke who knows all about this stuff said, the Living Wage needs to be £15 an hour for there to be no more child poverty in this country. Not sure how he knows this, but he had a lot of letters after his name.
(It was a few years ago, so no link, sorry) |  |
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| Minimum wage increasing by 9.8% on 17:55 - Nov 22 with 687 views | J2BLUE |
Pleased for people as it will make a real difference.
I will be pushing for a similar increase in my own salary to be honest. |  |
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| Minimum wage increasing by 9.8% on 18:52 - Nov 22 with 648 views | Nomore4 |
| Minimum wage increasing by 9.8% on 09:46 - Nov 22 by GlasgowBlue |
There goes the last of the staffed checkouts at our local Tesco. |
Automated systems don’t have unions or pay rises. Let alone rights.
The Supermarket as we know it won’t exist in 10 years time.
Tesco as an example, will only operate a home delivery. And click and collect service.
The supermarket is no longer needed.
Large towns with 3 large Tesco stores, can run all services from 1 Large RDC cutting down on 70% of jobs. Huge store operating costs including shoplifting. Which runs into millions per week across Tesco currently. | | | |
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