Labour's proposed higher minimum wage

[Mikefromlondon]

why i think it is a bad idea.

1. Everyone starts earning a higher minimum wage, where will the money to pay this extra income come from?

2. Higher costs obviously,means a company's products or services could be under a threat from competition or simply prising the products or services beyond affordability.

3. Company directors aren't going to sacrifice their salaries to pay for higher wages, so they will start shedding staff or employees to compensate for higher pay (or higher minimum pay)

4. This means bad news for the rest of the employees, who now must work even harder for their higher minimum wage.

5, Short staff also means bad and poor service.

6.It could force many employers to take their business abroad or outsource services and products.

7.higher minimum wages in UK will then attract many thousands migrant workers from those poorly paid in East European countries . It would open flood gates of migrant worker as UK would pay a lot higher wages for their work.

8. Many businesses will have to increase costs of their products, which will drive inflation higher thus nulling any impact of the higher wages

9. Higher minimum wage will directly impact inflation

10. Like me there are very many people willing to work for less than a minimum wage, as always something is better than nothing, it would enable one to put some food on his plate at lower prices, higher wages means higher prices.

11. it is a fact, there are many many East European migrant workers willing to work at less than minimum wages, so why not benefit out of this migration, no wonder they all want to move to Britain so sure labours minimum wages is going to be a disaster in the long run,

12. it will create more job loses, higher unemployment,

13. There will be more empty shops and businesses, especially now that they will be penalising law breakers £50,000 so many won't even bother to run a business any more.

14. A worker should earn according to his abilities, a lazy worker may not get paid a top rate, a good high productive worker should deserve a higher wage.

15. A worker should be able to negotiate a suitable wage with his employer, what his employer can afford, and if a worker is not happy about his pay, he has a choice to find another job,

16. an employer has no choice other than to reduce staff, or close down business or take it abroad.

17. labour are digging their own election grave.

 

[noseall]

It is a stupid idea. Politicians rarely think about the real consequences. Market forces and skill level should dictate wages in a democracy, not some dick in a whistle.

The thought of imbeciles being paid treble what they are actually worth is frightening, especially when it is detrimental to the business.

No doubt there are many people worth more than what they are actually getting, but it is a free country.

 

[ladylola]

Of course if we are ever to get the benefit bill down then maybe employers should pay slightly higher wages , after all a huge chunk of the money paid out goes to working people in the form of tax credits etc. Market forces are failing here if business have to be subsidised by governments topping up the wages of the people they employ. I do however, think that raising the minimum wage on its own won't work, there needs to be a whole raft of changes for us to go forward. Employers of course still want the maximum profits for the smallest outlay and thus will still want government handouts to their workers, BAU thank you very much.
Brings us back to the whole "capitalism containing the seeds of its own destruction" argument.

 

[Bodgeitandleggit]

why i think it is a bad idea.

1. Everyone starts earning a higher minimum wage, where will the money to pay this extra income come from?

2. Higher costs obviously,means a company's products or services could be under a threat from competition or simply prising the products or services beyond affordability.

3. Company directors aren't going to sacrifice their salaries to pay for higher wages, so they will start shedding staff or employees to compensate for higher pay (or higher minimum pay)

4. This means bad news for the rest of the employees, who now must work even harder for their higher minimum wage.

5, Short staff also means bad and poor service.

6.It could force many employers to take their business abroad or outsource services and products.

7.higher minimum wages in UK will then attract many thousands migrant workers from those poorly paid in East European countries . It would open flood gates of migrant worker as UK would pay a lot higher wages for their work.

8. Many businesses will have to increase costs of their products, which will drive inflation higher thus nulling any impact of the higher wages

9. Higher minimum wage will directly impact inflation

10. Like me there are very many people willing to work for less than a minimum wage, as always something is better than nothing, it would enable one to put some food on his plate at lower prices, higher wages means higher prices.

11. it is a fact, there are many many East European migrant workers willing to work at less than minimum wages, so why not benefit out of this migration, no wonder they all want to move to Britain so sure labours minimum wages is going to be a disaster in the long run,

12. it will create more job loses, higher unemployment,

13. There will be more empty shops and businesses, especially now that they will be penalising law breakers £50,000 so many won't even bother to run a business any more.

14. A worker should earn according to his abilities, a lazy worker may not get paid a top rate, a good high productive worker should deserve a higher wage.

15. A worker should be able to negotiate a suitable wage with his employer, what his employer can afford, and if a worker is not happy about his pay, he has a choice to find another job,

16. an employer has no choice other than to reduce staff, or close down business or take it abroad.

17. labour are digging their own election grave.

Try telling all that to some poor buggar on pittance... alot the people on low wages are subsided by benefits and this is what the government now or future govs will want to change... why should the taxpayer make up the wages while the fat cats are rolling in it? .. a good days work should mean a good days pay

 

[Mikefromlondon]

I agree, the benefit system should be toned down and paid through a means test, and proportional to one's contributions of the past, make it unattractive to see stay on benefit system, as the present coalition govt. trying to reform the system.

There are many other factors and far too much regulation that interferes with hard working low profit making employers. too much red tape which makes employers nervous in expanding their businesses, taking more employees on.

 

[AronSearle]

Try telling all that to some poor buggar on pittance... alot the people on low wages are subsided by benefits and this is what the government now or future govs will want to change... why should the taxpayer make up the wages while the fat cats are rolling in it? .. a good days work should mean a good days pay

What we need are unions, but run by sensible people, not ones out to make a name and a buck for themselves, we also need sensible union laws, look to the Nordic countries for inspiration.

What we don't need are stupid unions like bob crows, making stupid excessive demands that only lead to trains drivers being replaced by computers much sooner than they otherwise would.

More than half of businesses are small, more than that half operate on tight margins.

Small business wages can never be dictated by governments (at least not without more pain than it's worth), and sensible unions will work with a larger company, not try to bleed it dry.

It's no good complaining about fat cat's rolling about in money, it's nothing but class warfare, sounds great, riles up support, but achieves very little of any sense.

 

[jockscott]

10. Like me there are very many people willing to work for less than a minimum wage, as always something is better than nothing

Crikey. Pray tell, would you work for less than the NMW? If so, you'd probably expect the government to give you working tax credit. You've not really thought this through have you ?

 

[masona]

1. Everyone starts earning a higher minimum wage, where will the money to pay this extra income come from?

Like all parties, they don't care as they hoping voters will vote them in Government

 

[Mikefromlondon]

10. Like me there are very many people willing to work for less than a minimum wage, as always something is better than nothing

Crikey. Pray tell, would you work for less than the NMW? If so, you'd probably expect the government to give you working tax credit. You've not really thought this through have you ?

Fortunately, I planned for the rainy day from the beginning, when I was 25, my father died, we were all skint, and had to borrow money from many friends for his funeral! That taught me a big lesson, I earned and saved every penny as I didn't want my family burdened if I died, since then I saved up most of my earnings, I stopped wasting money on leisure, stopped going out for expensive restaurant meals, I took no foreign holidays, in fact I didn't even take any holidays even in Britain, I saved and saved, to the extent that I had saved enough to buy a second property with my savings when the house prices were just right, I can now count on it for my retirement or live on income from renting it out if need be. I could therefore work on a low wages as the income from rent would subsidise my total needs. The last thing I would do is to live off the social!

But I made sacrifices, are people prepared to sacrifice their leisurely habits, stop taking holidays, wear ordinary clothes, cheap shoes, and not designer clothes, I shop at Matalan or Primark! I hate to part my money on designer products, I buy lots of things from 99p shop, how do you think I made all that fortune. I am still driving a 15 year old car! I do all home improvements and maintenance myself so no outgoing bills to trades persons, fix my own appliances, service my own car, I save money at every corner, my biggest outgoing expenditure is my 10 cats, which i budget to be around 3K per year plus any medical bills.

I do not waste my money on unnecessary household insurances, I only insure my car because that is the law, I have not made a single claim in my life, someone ran into the back of my car, he paid for it or his insurance paid for it, but never claimed a penny on my insurance, and I never suffered any whiplash injury even though I was badly shaken!

I can understand most people are not in my situation and cannot possibly live on low wages, but there is no point in legislating minimum wage when there are many who are perfectly happy to work for a low wage, or negotiate their own rate.

 

[ImayKnow]

What good is a minimum wage if there are no jobs to be had?

 

[Robgers]

Mike,

Your frugal ways have convinced me, first thing tomorrow I will be demanding that my boss cuts my wages and increases my hours. I see it as my patriotic duty.

 

[joe-90]

It's right what they say Mike. All work and no play makes Mike a dull boy.

 

[ImayKnow]

It's right what they say Mike. All work and no play makes Mike a dull boy.

Pot / kettle hey Mike? !

 

[Mikefromlondon]

It's right what they say Mike. All work and no play makes Mike a dull boy.

so true, but hey thats life, one needs to be responsible, live within their means, and enjoy within their means, no point borrowing money on credit cards and take foreign holidays, all that enjoyment you had for a fortnight and then you got to grind your ass for the whole year to pay back your credit card with interest, and the cycle of borrowing never ends.

At least I have no burden on my head, and my 10 pusseys keep me amused!

 

[taz123]

It's right what they say Mike. All work and no play makes Mike a dull boy.

and my 10 pusseys keep me amused!

A Harem