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£8 minimum Wage
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<blockquote data-quote="Athlete's Foot" data-source="post: 1082616" data-attributes="member: 12128"><p>Every £ spent on a payrol is and should be carefully accounted for. Those industries who can pay people with no regard for their output, or who think that £8/hr is not a lot to pay are making big margins and that is fine, let them pay £8/hr, they can afford it, why not? Good for them. However, those industries where output per person, where output per £ spent, where margins are very tight and the chance of raising prices to cover extra costs are less than zero, well then for every £ extra spent something has to give, whether it is investment critical for the future, or rates of pay for people more able within that business it doesn't matter. </p><p>The minimum wage is a form of cartel, which is illegal in this country, though I somethimes wonder. Look on a business as your own home and the costs of running your own home, in reality the economics are similar. When you go buy your bread, milk, energy, clothes, or whatever, you have the choice of shopping anywhere, and paying whatever price you choose. No one says you must pay this if you want milk, only a free market dictates a price. And that is a fundamental right. The only thing that we do pay that we have no choice about is Tax, this is set by a cartel. How many people reading this are really, genuinely happy to pay Tax? The minimum wage is a tax on jobs, as if there aren't enough of those already.</p><p>One of the problems in this country, and it is a major problem, is that the word "profit" is a dirty word and is regarded by too many people as being unacceptable. Without profit we are all without a future, but the press, the BBC in particular, insist on slating those that make a profit, as if they are unclean. Wealth is earnt through innovation, hard work, determination, sacrifice, good luck and a fair wind. You don't CREATE wealth, as some writing on this forum would have you believe. Paying somebody a minimum for no measured work is ridiculous, in business terms, to the extreme. It is pure fantasy to believe that this will lead to a better standard of living. Let's look at the relatively short history of the Minimum Wage in this country. Introduced by Ooh please love me Tony Blait, well the less said about that lying, thieving .... the better, but introduced by him no less. Initially set at around the £3.50 mark, I can't remember quite the true figure. Well since its inception has anything changed for the better for those that are on it? Honestly? No. All we are asking for now is much bigger increases, why? Because inflation, true inflation not the one reported, but the one that really does drain the money from your pockets is rising exponentially. We MUST cut the crap out of the cost of living. We must become more productive, we must be rid of regulations that add no value, that only serve to protect jobs. The Public Sector is far too big, too many inspectors, too many pen pushers. Send them out to work, picking the litter up from our verges would be far more productive than the strangling, life sucking job that they currently do.</p><p> I could keep going on, but I have got to go to work. I have to go earlier and earlier now so that I can do all the jobs myself that someone on £5/hour should be doing, but can't because they are down the dole office.</p></blockquote><p></p>
[QUOTE="Athlete's Foot, post: 1082616, member: 12128"] Every £ spent on a payrol is and should be carefully accounted for. Those industries who can pay people with no regard for their output, or who think that £8/hr is not a lot to pay are making big margins and that is fine, let them pay £8/hr, they can afford it, why not? Good for them. However, those industries where output per person, where output per £ spent, where margins are very tight and the chance of raising prices to cover extra costs are less than zero, well then for every £ extra spent something has to give, whether it is investment critical for the future, or rates of pay for people more able within that business it doesn't matter. The minimum wage is a form of cartel, which is illegal in this country, though I somethimes wonder. Look on a business as your own home and the costs of running your own home, in reality the economics are similar. When you go buy your bread, milk, energy, clothes, or whatever, you have the choice of shopping anywhere, and paying whatever price you choose. No one says you must pay this if you want milk, only a free market dictates a price. And that is a fundamental right. The only thing that we do pay that we have no choice about is Tax, this is set by a cartel. How many people reading this are really, genuinely happy to pay Tax? The minimum wage is a tax on jobs, as if there aren't enough of those already. One of the problems in this country, and it is a major problem, is that the word "profit" is a dirty word and is regarded by too many people as being unacceptable. Without profit we are all without a future, but the press, the BBC in particular, insist on slating those that make a profit, as if they are unclean. Wealth is earnt through innovation, hard work, determination, sacrifice, good luck and a fair wind. You don't CREATE wealth, as some writing on this forum would have you believe. Paying somebody a minimum for no measured work is ridiculous, in business terms, to the extreme. It is pure fantasy to believe that this will lead to a better standard of living. Let's look at the relatively short history of the Minimum Wage in this country. Introduced by Ooh please love me Tony Blait, well the less said about that lying, thieving .... the better, but introduced by him no less. Initially set at around the £3.50 mark, I can't remember quite the true figure. Well since its inception has anything changed for the better for those that are on it? Honestly? No. All we are asking for now is much bigger increases, why? Because inflation, true inflation not the one reported, but the one that really does drain the money from your pockets is rising exponentially. We MUST cut the crap out of the cost of living. We must become more productive, we must be rid of regulations that add no value, that only serve to protect jobs. The Public Sector is far too big, too many inspectors, too many pen pushers. Send them out to work, picking the litter up from our verges would be far more productive than the strangling, life sucking job that they currently do. I could keep going on, but I have got to go to work. I have to go earlier and earlier now so that I can do all the jobs myself that someone on £5/hour should be doing, but can't because they are down the dole office. [/QUOTE]
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