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SammyInnit
He's just trying to derail another thread and shoulder barge it into a slanging match about brexit. Just ignore him.
He's just trying to derail another thread and shoulder barge it into a slanging match about brexit. Just ignore him.
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If it cant afford to pay staff a decent wage to live on then it shouldn't employ staff.
If that means the business fails, welcome to the capitalist world.
But making profit just by paying people too little to live on, is not right.
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sodthisforfun
I think it's one of those no win situations. But there is a higher amount of people in poverty who work than ever before due to low wages and high costs of living.
Sure, a McD wage for a kid living at home isn't so bad. But when they've got to rent (forget buying on minimum wage) and paid all those living costs, or if they've a family to support they are not rich by any stretch of the imagination. A tenner an hour (7hrs work in an 8hr day) leaves them about a grand a month after tax/NI. Rent in most parts of the country will take a massive cut of that money, what about food, clothes, utility bills, council tax, car/travel, insurance..? Hard enough on a tenner an hour, forget it on minimum wage of £7.54.
As I said, there are many people in this country who keep things ticking along on minimum wage. I do not think asking for a tenner an hour is 'unrealistic' as you put it. It's just more in line of keeping up with the cost of living for most of this country.
By the way, do you know how much McDonalds makes?!
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Bodd
It's not at all..... All these multi million pound bankers would not perform and earn those £££££s in a sh itty office if it were not for those girls (in general) cleaning their sh it after them.
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SammyInnit
What McDonald's makes on average per restaurant
http://uk.businessinsider.com/what-it-costs-to-open-a-mcdonalds-2014-11
7.54 is above the national living wage.
https://www.rmt.org.uk/about/polici...l-minimum-wage-nmw-rates-from-1st-april-2018/
Average cost of living (based on £650 a month rent/small family home, £14.5k pa.
https://www.moneyadviceservice.org.uk/en/articles/paying-your-own-way
Average hours worked May-July 18 37.1hrs
https://www.ons.gov.uk/employmentan...k/earningsandworkinghours/timeseries/ybuy/lms
Max hours your can work over 18 PW, 48
https://www.gov.uk/maximum-weekly-working-hours
On these numbers the average 7.54 does fall short of the average cost of living but at the same time I wouldn't expect a single wage to be covering the cost of a family home either.
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It was the same tired argument against minimum wage will destroy jobs and it didn't. How many of these low end jobs are topped up with benefits which is subsidising these wages. Isn't is a better system to have higher wages and less people needing to have their wages topped up?
The problem still goes back to the mix of taxation both direct and indirect and how much gets shouldered by employees and employers.
The problem still goes back to the mix of taxation both direct and indirect and how much gets shouldered by employees and employers.
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Bodd
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vinty
Jeff Bezos the head of Amazon says he has so much money he doesn't know what to do with it.
He is now the richest man in the world but he didn't generate all this wealth by himself , it was created by the collective effort of everyone who has ever worked for him.
The objective of business is to make maximum profits and as wages are an expense it is best to keep them as low as possible.
It isn't really the concern of business whether their employees earn a living wagev or can afford a mortgage, their duty is to the share holders.
It is up to the workers to decide what they are worth and if they believe that they are worth £10 or even £15 an hour then it is up to the employer to demonstrate why they believe workers shouldn't be paid what they believe they are worth.
It make sense that if workers are paid more they will spend more locally, unlike the rich they don't send their money offshore or lock up their wealth in oil paintings and luxury yachts.
He is now the richest man in the world but he didn't generate all this wealth by himself , it was created by the collective effort of everyone who has ever worked for him.
The objective of business is to make maximum profits and as wages are an expense it is best to keep them as low as possible.
It isn't really the concern of business whether their employees earn a living wagev or can afford a mortgage, their duty is to the share holders.
It is up to the workers to decide what they are worth and if they believe that they are worth £10 or even £15 an hour then it is up to the employer to demonstrate why they believe workers shouldn't be paid what they believe they are worth.
It make sense that if workers are paid more they will spend more locally, unlike the rich they don't send their money offshore or lock up their wealth in oil paintings and luxury yachts.
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Marginal Propensity to Consume decreases as your income increases. The poorer you are the less you save but the more you spend. You need to look at the increasing gini coefficient of inequality in the UK and the Palma ratio.
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sodthisforfun
Exactly. It doesn't cover the average cost of living. It's simply not enough and hasn't kept up with the rate everything else has risen. I do not think asking £10 an hour for these people working in low-skilled jobs is being unreasonable, and am sorry that you think that because it's low-skilled, they are asking too much.
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vinty
I would have thought the poorer you are the less you have to spend.
Poorer people probably spend a bigger proportion of their income than wealthier people because most of their money is spent on the basics to sustain their existence.
The establishment's obsession with mass immigration has distorted the economy, employment conditions and housing costs. Win win for the establishment - penury for ordinary, indigenous Brits, especially the younger ones. We now live in a bizarre high cost of living, low wage economy. The immigration cheerleader LWRs on here don't give a toss about the effect on ordinary, indigenous Brits. The ones who are always droning on about others 'hating' are the ones who actually hate their country and the ordinary people in it.
https://fullfact.org/economy/how-have-wages-changed/
https://fullfact.org/economy/how-have-wages-changed/
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Yes, that's what the Tories say. But have they carried it out? Immigration is the same or higher than the Bliar years. Tories are just cleverer than Labour at pretending to be the party of controlled immigration. However, at the end of the day, the UK economy is floating on a sea of debt. Whoever is in power is in hock to the people that lent this money, and to be able to keep borrowing more, the government has to do what the lenders want. That means flooding us with cheap labour to create sweat-shop Britain so we can at least service these debts. That's also why the establishment wants us in the EU. We're going to get ever increasing levels of cheap labour whether we like it or not. Most worrying thing is that we're now shopping for cheap labour in the muslim world. That will never work, and is literally blowing up in our faces.
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Bodd
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