If I am a employer, if my gross earnings haven’t increased / I haven’t increased prices and now I have to increase hourly rate for (multiple) employees, and I do not want to have LESS profit (nobody does) what do I do?
Reduce hours.
(Sure, you can make someone redundant, but that’s far more difficult and risky)
MrStarGazer09 on
That’s the problem. People obviously need a liveable wage but if they keep having to increase it, it’s going to be so much more difficult for businesses and they have to cut back.
The cost of living in Ireland has become absolutely insane now. Prices are over 40% above the EU average and Ireland is now the second most expensive in the EU. The government have completely lost control over house price/rent inflation, grocery and services inflation. That’s always going to massively squeeze lower earners and addressing it should be a number 1 priority.
pauldavis1234 on
Humanoid robots are around the corner. Hours will be substantially reduced again soon.
cyaniod on
That’s grand I prefer earning more for doing less
giz3us on
There’s been a lot of debate about whether restaurants are shutting down or not. What I’ve noticed is that many of the places I go to aren’t open as much as they used to be. Some that once operated seven days a week are now closing for a couple of days midweek. Others that used to serve lunch are only opening from 5 p.m. onwards. I suppose they’ve crunched the numbers and decided it just doesn’t make financial sense to stay open for longer hours. Not good for the staff if they’re getting less hours.
GarthODarth on
If we all worked for 1 euro an hour we’d get loads of hours!
miseconor on
You address quality of life issues by working on getting prices down. Not by forcing an increase in wages. Lowering energy costs will provide meaningful savings for households across the board
If you increase wages businesses are just going to either decrease hours like this or increase their prices to cover wages. Increasing minimum wage also has a knock on effect on other pay bands as your relative value changes. So ultimately the relative value of minimum wage ends up back where it started
I’d expect the living wage proposals to be delayed (binned). Unfortunately they don’t make much sense and just enforce this cycle
YoureNotEvenWrong on
So they worked less and still the increase in payment more than offset that?
Sounds like a win to me
Zealousideal_Car9368 on
Wait until they see what happens over the next few years when they impose auto-enrollment on these businesses…
Specific-Manager-125 on
Wait until the latest wheeze dreamt up by unsackable civil servants for whom money grows on trees hits the economy …..another compulsory 2% employer pension contribution
Determined to make Ireland the most expensive country in Europe ….easier than actually running an economy where you u can live if earning under 60K …with you know , decent, cost effective and available public services that dont waste billions and just serve the bloated quangos not citizens
Nalaek on
So we’ve got minimum wage workers who it’s been determined need an increase in minimum wage to afford to live due to inflation and businesses that can’t afford to pay them the minimum wage increases due to inflation. Sounds like a real healthy economic situation. I’m sure it’s not going to go badly at all.
BrickEnvironmental37 on
This has been a problem for retail for years. It used to be a 39 hour contract. Then it went to 37.5. then 35. Now it’s 28-32 if you are lucky. Most full time retail contracts are now about 16-20 hours and they’ll just offer the hours for when it’s busy
14 commenti
Do they not have a contract amount of hours?
That seems pretty logical.
Let’s turn off emotions for a bit and think.
If I am a employer, if my gross earnings haven’t increased / I haven’t increased prices and now I have to increase hourly rate for (multiple) employees, and I do not want to have LESS profit (nobody does) what do I do?
Reduce hours.
(Sure, you can make someone redundant, but that’s far more difficult and risky)
That’s the problem. People obviously need a liveable wage but if they keep having to increase it, it’s going to be so much more difficult for businesses and they have to cut back.
The cost of living in Ireland has become absolutely insane now. Prices are over 40% above the EU average and Ireland is now the second most expensive in the EU. The government have completely lost control over house price/rent inflation, grocery and services inflation. That’s always going to massively squeeze lower earners and addressing it should be a number 1 priority.
Humanoid robots are around the corner. Hours will be substantially reduced again soon.
That’s grand I prefer earning more for doing less
There’s been a lot of debate about whether restaurants are shutting down or not. What I’ve noticed is that many of the places I go to aren’t open as much as they used to be. Some that once operated seven days a week are now closing for a couple of days midweek. Others that used to serve lunch are only opening from 5 p.m. onwards. I suppose they’ve crunched the numbers and decided it just doesn’t make financial sense to stay open for longer hours. Not good for the staff if they’re getting less hours.
If we all worked for 1 euro an hour we’d get loads of hours!
You address quality of life issues by working on getting prices down. Not by forcing an increase in wages. Lowering energy costs will provide meaningful savings for households across the board
If you increase wages businesses are just going to either decrease hours like this or increase their prices to cover wages. Increasing minimum wage also has a knock on effect on other pay bands as your relative value changes. So ultimately the relative value of minimum wage ends up back where it started
I’d expect the living wage proposals to be delayed (binned). Unfortunately they don’t make much sense and just enforce this cycle
So they worked less and still the increase in payment more than offset that?
Sounds like a win to me
Wait until they see what happens over the next few years when they impose auto-enrollment on these businesses…
Wait until the latest wheeze dreamt up by unsackable civil servants for whom money grows on trees hits the economy …..another compulsory 2% employer pension contribution
Determined to make Ireland the most expensive country in Europe ….easier than actually running an economy where you u can live if earning under 60K …with you know , decent, cost effective and available public services that dont waste billions and just serve the bloated quangos not citizens
So we’ve got minimum wage workers who it’s been determined need an increase in minimum wage to afford to live due to inflation and businesses that can’t afford to pay them the minimum wage increases due to inflation. Sounds like a real healthy economic situation. I’m sure it’s not going to go badly at all.
This has been a problem for retail for years. It used to be a 39 hour contract. Then it went to 37.5. then 35. Now it’s 28-32 if you are lucky. Most full time retail contracts are now about 16-20 hours and they’ll just offer the hours for when it’s busy
Water is wet ahh deduction