NMW to increase again next year to £12.21 ph.

No one's said any of that. Only a gap in the market will attract new businesses, some will just never be replaced because they are no longer wanted or needed, twas ever thus.

Why should the lowest paid always be sacrificed for the greater good but no one else? Why should they bear all the burden and always take one for the team so Janice can continue to run the cute little coffee shop or pub she's always dreamed of or whatever?

I'm sorry that some small business owners will probably find themselves in difficulty because of this, but low paid workers have found themselves in difficulty for ages and no one cared then and they clearly still don't care now so yeah they're going to celebrate that finally they will be forced to care and put their hands in their pockets.

Besides those same ex business owners will probably be glad of improved labour laws and wage protections when they find themselves back in the labour force. Maybe they'll see the value of them finally then. It really is such a shame so many can't see past the ends of their noses.

I think we can expect to see more do it yourself in retail,

But hey, someone who has magic money will swoop in to create a new service because there will be such demand and the service will be so viable.

Christ knows how they'll get the business plan past the bank outlining how they can run the business when the previous one went tits up, but hey, we live in an economy thats always expanding right? Cos thats how its always been.

And stagnation and social and economic decline isn't possible.

Oh wait thats part of the point. The only people who can set up will be those who already have the capital (and no costs associated with loans) and they can come in and cyphen off the profits off shore. Cos thats just so great for us all. Theres no need to undercut anyone. Why would you? Thats just going to hurt your bottomline.

Disaster Capitalism is where its at in 2024.

Sorry to hear this, looks like your community will lose a valuable service.

I think this will finish my pre-school which has been running for 30 years. The nmw increase, the rise in employer NI contributions, the fact we can't charge top-up fees and the funding that doesn't match what it actually costs to provide places. Successive governments have meddled with and distorted the sector so much that it is now un-workable.
We are a not for profit small, excellent setting but we can't run at a loss.

We could approach this in a different wage and not actually make it about wages, but properly fairly tasking people and business who can find all the legal loopholes to avoid taxation that small businesses can't.

That way you raise treasury income so the need to tax small business as heavily is reduced. It also means you can reduce taxation on citizens in other ways.

So the cost of living crisis eases and wages go further.

You could also do a lot to tackle the rental market which is fleecing a lot of the poorest in society (and most likely to be on MW).

Again you solve the issues in a different way without jeapordising crucial public and community services that many small businesses provide.

But nope this is actually all about the stranglehold these huge multinationals have and how they are able to direct the political narative so people just bleat on about wages as if this is the solution to the problem.

Its really not. Its going to produce a whole pile of its own economic and social issues.

That nursery you desparately need so you can go to your MW job is now the only one in town. So what are you going to do? You have to take a job or lose your benefits. But lack of places and rising costs means the nursery left in town can hike its prices up massively. Oh fuck you are priced out cos you can't compete with those on £60k.

Whoopie.

There are far too many people who have totally one dimenionsal thinking on this.

You're one of the most ignorant posters I've ever seen on here, and that's saying something.

"Its. Not. A. Wage. Issue.
Its. A. Cost. Of. Living. Issue"

Patronising. People. Like. This. Does. Not. Make . You. Right

Or the government could support SMEs? They're often the drivers for innovation and growth, they often offer jobs in areas the big businesses don't bother going to, and often offer skills or services not found in abundance elsewhere. I think they should top up low earners wages in small companies, ones with a huge turnover should have to pay the wages themselves- like the supermarkets.

Fucking hell. Do people really think like this?

We could approach this in a different wage and not actually make it about wages, but properly fairly tasking people and business who can find all the legal loopholes to avoid taxation that small businesses can't.

That way you raise treasury income so the need to tax small business as heavily is reduced. It also means you can reduce taxation on citizens in other ways.

So the cost of living crisis eases and wages go further.

You could also do a lot to tackle the rental market which is fleecing a lot of the poorest in society (and most likely to be on MW).

Again you solve the issues in a different way without jeapordising crucial public and community services that many small businesses provide.

But nope this is actually all about the stranglehold these huge multinationals have and how they are able to direct the political narative so people just bleat on about wages as if this is the solution to the problem.

Its really not. Its going to produce a whole pile of its own economic and social issues.

That nursery you desparately need so you can go to your MW job is now the only one in town. So what are you going to do? You have to take a job or lose your benefits. But lack of places and rising costs means the nursery left in town can hike its prices up massively. Oh fuck you are priced out cos you can't compete with those on £60k.

Whoopie.

There are far too many people who have totally one dimenionsal thinking on this.

We could approach this in a different wage and not actually make it about wages, but properly fairly tasking people and business who can find all the legal loopholes to avoid taxation that small businesses can't.

That way you raise treasury income so the need to tax small business as heavily is reduced. It also means you can reduce taxation on citizens in other ways.

So the cost of living crisis eases and wages go further.

You could also do a lot to tackle the rental market which is fleecing a lot of the poorest in society (and most likely to be on MW).

Again you solve the issues in a different way without jeapordising crucial public and community services that many small businesses provide.

But nope this is actually all about the stranglehold these huge multinationals have and how they are able to direct the political narative so people just bleat on about wages as if this is the solution to the problem.

Its really not. Its going to produce a whole pile of its own economic and social issues.

That nursery you desparately need so you can go to your MW job is now the only one in town. So what are you going to do? You have to take a job or lose your benefits. But lack of places and rising costs means the nursery left in town can hike its prices up massively. Oh fuck you are priced out cos you can't compete with those on £60k.

Whoopie.

There are far too many people who have totally one dimenionsal thinking on this.

Fucking hell. Do people really think like this?

You're one of the most ignorant posters I've ever seen on here, and that's saying something.

I think this will finish my pre-school which has been running for 30 years. The nmw increase, the rise in employer NI contributions, the fact we can't charge top-up fees and the funding that doesn't match what it actually costs to provide places. Successive governments have meddled with and distorted the sector so much that it is now un-workable.
We are a not for profit small, excellent setting but we can't run at a loss.

I’m probably bitter as I work for someone (not original employer) who doesn’t think anything of blowing £1K on parking fines, new cars, money really is no object.

I do need to leave for my own sanity!

I am completely against the rise. This will lead to a huge increase in my weekly shop. The staff there are friendly but I am not concerned if they can pay their bills or not. Getting my shopping cheaper is far more of a concern.

Maybe the government could look at building large communal homes where all these workers can live? Food, water, heating and a small room all supplied in exchange for their wages. If they want anything more than that they should have worked harder.

Of course there would be, but hopefully they'd be ran by people smart enough to understand the nature of business and consider risk and weigh it up against uncertain reward!

If everyone had that mindset, there would be no businesses or jobs at all. Smh

How can you not see that if minimum wage goes up, everyone not on minimum wage will want their wage to rise by the same amount?