This certainly feels like an article that had a deadline before it was ready. Warning about being underpaid, minimum wage as derogatory, is uni worth it. No real focus. There is exploring a topic but it feels badly edited.
NuclearBreadfruit on
Haha, I know this situation well 🙄
But I absolutely do not resent minimum wage workers getting raises and better pay, they often do hard work and deserve more
But many jobs that require degrees in the UK pay absolutely shocking wages for long hours and a high amount of responsibility
Also how did you get past the financial times paywall, even copying and pasting the link into paywall remover doesn’t seem to work?
No-Strike-4560 on
The problem is while a minimum wage can be legally enforced, the government can’t enforce the *other* bit that is meant to happen : uplifting the wages of everyone NOT on minimum wage by the same amount. With a minimum wage that goes up every 20 minutes it seems , you add all those cumulative devaluations up and you wind up with extremely badly paid skilled jobs.
Let me make this clear, though, this isn’t the governments fault, this is on greedy employers that refuse to pay people what they are worth
greylord123 on
How much white collar work is actually valuable though?
Companies (and public sector) especially bigger companies have a habit of being very top heavy and having people who manage a very specific niche thing.
There’s a bunch of people who just ctrl C and ctrl V all day or maybe answer a few emails.
LHMNBRO08 on
Yeah this is not what most think. Minimum wage is not too high, uk salaries are simply too low.
It’s insane how low some graduate salaries are, not to mention middle management.
Look at the big 4 consulting firms, manager level and that caps out at about 55-60k – like come on. Why is it so low?
WGSMA on
Who’d have thought that cranking up minimum wage by about 4x that of GDP growth every single year would have led to major wage compression
TheBig_blue on
The people on minimum wage are not the problem, your employer under paying you is.
Classic_Peasant on
Jacking up minimum wage yearly more than GDP etc will lead to major wage compression and erosion of the middle ground between minimum and the rest – 30k+ used to be a decent wage, now minimum is almost there.
Plus, employers not paying high enough wages above minimum is a big issue too
9 commenti
[Unpaywalled](https://archive.is/vNJ9L#selection-1551.0-1551.52)
This certainly feels like an article that had a deadline before it was ready. Warning about being underpaid, minimum wage as derogatory, is uni worth it. No real focus. There is exploring a topic but it feels badly edited.
Haha, I know this situation well 🙄
But I absolutely do not resent minimum wage workers getting raises and better pay, they often do hard work and deserve more
But many jobs that require degrees in the UK pay absolutely shocking wages for long hours and a high amount of responsibility
Also how did you get past the financial times paywall, even copying and pasting the link into paywall remover doesn’t seem to work?
The problem is while a minimum wage can be legally enforced, the government can’t enforce the *other* bit that is meant to happen : uplifting the wages of everyone NOT on minimum wage by the same amount. With a minimum wage that goes up every 20 minutes it seems , you add all those cumulative devaluations up and you wind up with extremely badly paid skilled jobs.
Let me make this clear, though, this isn’t the governments fault, this is on greedy employers that refuse to pay people what they are worth
How much white collar work is actually valuable though?
Companies (and public sector) especially bigger companies have a habit of being very top heavy and having people who manage a very specific niche thing.
There’s a bunch of people who just ctrl C and ctrl V all day or maybe answer a few emails.
Yeah this is not what most think. Minimum wage is not too high, uk salaries are simply too low.
It’s insane how low some graduate salaries are, not to mention middle management.
Look at the big 4 consulting firms, manager level and that caps out at about 55-60k – like come on. Why is it so low?
Who’d have thought that cranking up minimum wage by about 4x that of GDP growth every single year would have led to major wage compression
The people on minimum wage are not the problem, your employer under paying you is.
Jacking up minimum wage yearly more than GDP etc will lead to major wage compression and erosion of the middle ground between minimum and the rest – 30k+ used to be a decent wage, now minimum is almost there.
Plus, employers not paying high enough wages above minimum is a big issue too