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Post by wassock on Jul 26, 2024 19:11:55 GMT
......what's destroying the West's economy's is minimum/living wage laws.
No links etc.. just my opinion. If you can't control your costs, you're screwed.
When in the future will the stupid idea of minimum/living wage be scrapped?
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Post by Dogburger on Jul 26, 2024 19:22:39 GMT
Minimum wage is slave labour and contributes little to economic growth .Might as well just have slaves and be done with it
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Post by Bentley on Jul 26, 2024 19:30:23 GMT
Minimum wage quickly became ‘ the wage’.
Masses of Cheap Labour from impoverished Eastern Europe changed the employment landscape .imo
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Post by dodgydave on Jul 27, 2024 1:56:27 GMT
......what's destroying the West's economy's is minimum/living wage laws. No links etc.. just my opinion. If you can't control your costs, you're screwed. When in the future will the stupid idea of minimum/living wage be scrapped? The minimum wage is fine, but you need to accompany it with ways to protect your own market so that it is still competitive ie slap tarrifs on countries that are using child labour, forced labour, suppressing worker's rights etc. I mean come on, what do you think the EU actually is? It is one big protection racket designed to promote goods from within, and price out everybody else. |
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Post by johnofgwent on Jul 27, 2024 7:02:56 GMT
......what's destroying the West's economy's is minimum/living wage laws. No links etc.. just my opinion. If you can't control your costs, you're screwed. When in the future will the stupid idea of minimum/living wage be scrapped? I see what you mean, after all, Britain was so much healthier when ninety five per cent of its population were just serfs with no say in anything and could be left to starve to death and nobody gave a flying fuck. |
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Post by johnofgwent on Jul 27, 2024 7:16:24 GMT
Minimum wage quickly became ‘ the wage’. Masses of Cheap Labour from impoverished Eastern Europe changed the employment landscape .imo Yes, you say that, but I would be quite prepared to stare that on the day a minimum wage was established, no job advertised in the jobcentre saw it's advertised wage FALL to that level. The real problem in this country is the cost of the roof over your head has reached insane proportions. As recently as 1983 it was possible for a young man doing a 40 hour a week job of such low value that today that job attracts not a penny more than the national minimum wage, to be married with a wife doing a similar job of similar worth PART TIME and yet not paying a penny in tax, and receive not a penny in benefits until they had their first child, and yet pay every penny of their rent, rates, fuel, lighting, and transport bills from their salaries I know because I was one of them and it was me in the part time job and Moira on the lowest civil service grade there was and the entire STREET was filled with couples in the same position TODAY state handouts to WORKING people in the form of housing subsidy paid to millionaire landlords has reached such insane proportions it is illegal to work 40 hours a week without being handed almost twice as much as us necessary to hit the tax threshold THATS the problem |
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Post by piglet on Jul 27, 2024 9:46:36 GMT
Good post wassock, are you a big hairy one? its a brummy chide. Both parties havent a clue how to run owt, oxford cambridge educated, the ongoing financial disasters bear that out. The bottom line is that politicians want to butter both sides of the bread all the time, Reeves has said as much.
Or as in the Benidorm programme, chips AND rice.....
The last prople on earth to run the finances, oxford educated economists are the last people on earth to do it.
Maisie at no 32 could do it, i could, so could you, and wealth into the future would be guaranteed. The thing that ruins the country financially is political war.
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Post by Bentley on Jul 27, 2024 12:53:01 GMT
Minimum wage quickly became ‘ the wage’. Masses of Cheap Labour from impoverished Eastern Europe changed the employment landscape .imo The real problem in this country is the cost of the roof over your head has reached insane proportions. As recently as 1983 it was possible for a young man doing a 40 hour a week job of such low value that today that job attracts not a penny more than the national minimum wage, to be married with a wife doing a similar job of similar worth PART TIME and yet not paying a penny in tax, and receive not a penny in benefits until they had their first child, and yet pay every penny of their rent, rates, fuel, lighting, and transport bills from their salaries I know because I was one of them and it was me in the part time job and Moira on the lowest civil service grade there was and the entire STREET was filled with couples in the same position TODAY state handouts to WORKING people in the form of housing subsidy paid to millionaire landlords has reached such insane proportions it is illegal to work 40 hours a week without being handed almost twice as much as us necessary to hit the tax threshold THATS the problem It’s not about falling . It’s about differentials not rising on the lower end of skill rates . The man who gets a pound an hour more doesn’t once minimum wage catches up. Seen it many times . |
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Post by Baron von Lotsov on Jul 27, 2024 14:08:03 GMT
......what's destroying the West's economy's is minimum/living wage laws. No links etc.. just my opinion. If you can't control your costs, you're screwed. When in the future will the stupid idea of minimum/living wage be scrapped? The minimum wage is fine, but you need to accompany it with ways to protect your own market so that it is still competitive ie slap tarrifs on countries that are using child labour, forced labour, suppressing worker's rights etc. I mean come on, what do you think the EU actually is? It is one big protection racket designed to promote goods from within, and price out everybody else. You have it entirely back to front. If you shield your own firms from competition, it will mean they become lazy and less competitive, much like if you bring up a wild animal domestically it would die in the wild as it never learnt to be tough. This is why the public sector is so inefficient, and especially the NHS. It wastes vast amounts and no one cares since the average consumer does not have a choice. |
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Post by Baron von Lotsov on Jul 27, 2024 14:16:54 GMT
Minimum wage quickly became ‘ the wage’. Masses of Cheap Labour from impoverished Eastern Europe changed the employment landscape .imo Yes, you say that, but I would be quite prepared to stare that on the day a minimum wage was established, no job advertised in the jobcentre saw it's advertised wage FALL to that level. The real problem in this country is the cost of the roof over your head has reached insane proportions. As recently as 1983 it was possible for a young man doing a 40 hour a week job of such low value that today that job attracts not a penny more than the national minimum wage, to be married with a wife doing a similar job of similar worth PART TIME and yet not paying a penny in tax, and receive not a penny in benefits until they had their first child, and yet pay every penny of their rent, rates, fuel, lighting, and transport bills from their salaries I know because I was one of them and it was me in the part time job and Moira on the lowest civil service grade there was and the entire STREET was filled with couples in the same position TODAY state handouts to WORKING people in the form of housing subsidy paid to millionaire landlords has reached such insane proportions it is illegal to work 40 hours a week without being handed almost twice as much as us necessary to hit the tax threshold THATS the problem Building houses has been made to be a very expensive process and the communist government have so many regs that unless it is a commie standard issue it won't be allowed to be built. They need to ease up on the regs, except for important ones, like when it involves gas supplies. It goes into all matters though so the design is so constrained that we are looking like commies today. Another problem is the demise of British industry has made building materials expensive. |
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Post by The Squeezed Middle on Jul 27, 2024 14:23:31 GMT
Yes, you say that, but I would be quite prepared to stare that on the day a minimum wage was established, no job advertised in the jobcentre saw it's advertised wage FALL to that level. The real problem in this country is the cost of the roof over your head has reached insane proportions. As recently as 1983 it was possible for a young man doing a 40 hour a week job of such low value that today that job attracts not a penny more than the national minimum wage, to be married with a wife doing a similar job of similar worth PART TIME and yet not paying a penny in tax, and receive not a penny in benefits until they had their first child, and yet pay every penny of their rent, rates, fuel, lighting, and transport bills from their salaries I know because I was one of them and it was me in the part time job and Moira on the lowest civil service grade there was and the entire STREET was filled with couples in the same position TODAY state handouts to WORKING people in the form of housing subsidy paid to millionaire landlords has reached such insane proportions it is illegal to work 40 hours a week without being handed almost twice as much as us necessary to hit the tax threshold THATS the problem Building houses has been made to be a very expensive process and the communist government have so many regs that unless it is a commie standard issue it won't be allowed to be built. They need to ease up on the regs, except for important ones, like when it involves gas supplies. It goes into all matters though so the design is so constrained that we are looking like commies today. Another problem is the demise of British industry has made building materials expensive. What a load of shite. |
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Post by Baron von Lotsov on Jul 27, 2024 14:48:03 GMT
Building houses has been made to be a very expensive process and the communist government have so many regs that unless it is a commie standard issue it won't be allowed to be built. They need to ease up on the regs, except for important ones, like when it involves gas supplies. It goes into all matters though so the design is so constrained that we are looking like commies today. Another problem is the demise of British industry has made building materials expensive. What a load of shite. How many houses have you built? |
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Post by witchfinder on Jul 27, 2024 14:59:35 GMT
The enemy is inflation - not the Minimum Wage
It is to be expected that workers are renumerated annualy by a pay rise in line with inflation, and anything less than this results in a fall in living standards.
If we have low inflation, then pay rises are minimal, easing costs to employers and producers of wealth, manufacturers and business.
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Post by Bentley on Jul 27, 2024 15:55:49 GMT
What have dramatically improved living standards are cheap goods from the East.
It will most probably destroy our lifestyles in a generation or two,
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Post by Baron von Lotsov on Jul 27, 2024 16:16:36 GMT
The enemy is inflation - not the Minimum Wage It is to be expected that workers are renumerated annualy by a pay rise in line with inflation, and anything less than this results in a fall in living standards. If we have low inflation, then pay rises are minimal, easing costs to employers and producers of wealth, manufacturers and business. You can't possibly index-link wages - you must let them float. This is the thing with the economic system: if you try and fix one parameter that does not want to be fixed, i.e. you set it at a level different from the level it would float to, then all you do is find it turns up as a problem in another aspect of the system (the no free lunch rule). You could enter a negative spiral which is very dangerous. Rather the way to work it is to understand the amount you should be paid is relative to your production output. To make wages go up relative to inflation you would want to find ways of increasing production efficiency. This is basically a combination of using a more intelligent approach to your production system, perhaps analyse it mathematically in order to optimise, or by using better technology. Like say the man who fits electrical sockets to new builds. You need to hack out a rectangular hole. You could do it with a hammer and chisel, but these days there is a special machine that will cut it out in 5 seconds. The customer still pays the same for the job, but you can work far faster. Now of course what enables these gadgets to be created is science and technology, so your academic institutions are important for long-term growth. |
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