How much do you need to live on? What do you think is reasonable? What do you think is morally acceptable? What do you think is affordable?
£7 per hour?
£280 per week?
£14,560 per annum?
The mathematicians amongst you will be working out now that, for a forty hour week, those figures are the same. Doesn’t seem a lot does it? Given that you need to deduct tax and National Insurance.
But my friends, I tell you…..this figure, this number……it will be the ruin of our economy, it will bring businesses to their knees…..it will lead to mass unemployment and dole queues stretching for miles.
Bollocks will it.
But if you read the comments by the British Chamber of Commerce and the Institute of Directors you’d be led to believe that it would. And you know the reason why?
THEY DO NOT CARE ABOUT YOU. THEY CARE ABOUT THEIR PROFITS.
I’ve said it before and I will say it again. These are lies. Lies made to scare people. Lies made to protect the imbalance between people who earn well (and yes I am one of them) and between people who scrape to make a living.
Increasing the minimum wage to a “living wage” is not going to reduce the number of jobs. Following the recession most organisations are already understaffed and over worked. You can only make so many cuts. All it would do is to reduce the amount of money going into the pockets of the bosses.
Never mind the fact that increasing wages, increases both the tax yield and the amount of disposable income in the economy – which of course is used to buy goods and services, some of which will come from UK businesses. Never mind, that by reducing the number of jobs you place an increased burden on the State which requires an increase in tax to pay for it.
Don’t buy the lies, don’t buy the rhetoric, don’t buy the thinly veiled threats. Businesses CAN afford a fair day’s pay for a fair day’s work. They just don’t want to.
Because they don’t care about you.