Walked past one their stores the other day and it was rammed.
Desperate_Caramel_10 on
He’s spot on that giving the lowest paid more money is good for the economy because *those people spend their money in the local economy*
Dark_Foggy_Evenings on
Ah, the Minimum *“I’d pay you less if I could get away with it but unfortunately for me it’s the law”* Wage
Deadly_Flipper_Tab on
So we just keep knocking the bottom rungs out the ladder then?
CyanizzlusMagnus on
I remember when i took my job i earned 10.50 an hour, when 9.55 was minimum wage and i was so happy .Now i barely earn above minimum wage and my purchasing power is much lower.
TheWoodenMan on
I agree with him in spirit, but in practice, landlords put rent up, council tax goes up, the cost of living generally skyrockets as they all want a slice of that increased wage as they price to the market.
Additionally, NMW increases cause price rises in people-heavy businesses, as they try to recoup their costs due to increased wage bills.
Renters reform is a step in the right direction, but the government needs to do more to tackle the cost of living generally, though.
WinHour4300 on
Yup just keep them on part time roles/reduce hours instead to save money on employer NI. Their wages will be topped up by Universal Credit anyway. No harm done.
Darrenb209 on
I’m going to be honest, this is a PR stunt from him thanks to the company’s reputation as ethical.
If he actually cared about his workers, he wouldn’t have anyone on minimum wage. Unless, of course, he actually thinks the current minimum wage is sufficient.
If he genuinely believes that paying people more will lead to them spending more that will lead to his company prospering and him being paid more… then why isn’t he *already* paying people more before the Government mandates it?
goonercaIIum on
Businesses collapsing, surging youth unemployment & stagnant wage growth for the lower to middle class as a result of these massive rises, don’t complain though.
9 commenti
Their sales have been that good huh?
Walked past one their stores the other day and it was rammed.
He’s spot on that giving the lowest paid more money is good for the economy because *those people spend their money in the local economy*
Ah, the Minimum *“I’d pay you less if I could get away with it but unfortunately for me it’s the law”* Wage
So we just keep knocking the bottom rungs out the ladder then?
I remember when i took my job i earned 10.50 an hour, when 9.55 was minimum wage and i was so happy .Now i barely earn above minimum wage and my purchasing power is much lower.
I agree with him in spirit, but in practice, landlords put rent up, council tax goes up, the cost of living generally skyrockets as they all want a slice of that increased wage as they price to the market.
Additionally, NMW increases cause price rises in people-heavy businesses, as they try to recoup their costs due to increased wage bills.
Renters reform is a step in the right direction, but the government needs to do more to tackle the cost of living generally, though.
Yup just keep them on part time roles/reduce hours instead to save money on employer NI. Their wages will be topped up by Universal Credit anyway. No harm done.
I’m going to be honest, this is a PR stunt from him thanks to the company’s reputation as ethical.
If he actually cared about his workers, he wouldn’t have anyone on minimum wage. Unless, of course, he actually thinks the current minimum wage is sufficient.
If he genuinely believes that paying people more will lead to them spending more that will lead to his company prospering and him being paid more… then why isn’t he *already* paying people more before the Government mandates it?
Businesses collapsing, surging youth unemployment & stagnant wage growth for the lower to middle class as a result of these massive rises, don’t complain though.