There are 2 obvious demarcations here:
- What the economy can bear... includes NMW and other inequities
- What we would like the economy to pay out - a minimum of £10 per hour
The problem arises when the second becomes the yardstick with which the first is beaten.
It would be nice, yes, of course the NMW is too low. BUT IT EXISTS and it protects all workers from further abuse. But to blithely demand £10 per hour as a minimum for all workers is ludicrous, utter lala land thinking. Of course it would be lovely, but what businesses could afford to pay it?
Oh yes, the bigger companies would restructure, lay people off, become more automated, and pay the higher amount to a much smaller workforce. But what about the biggest employment sector - the small businesses? They would slowly drown under increased wages bills, go bankrupt, owing more money to other companies and adding even more people to the unemployment lists.
Sadly, realistically, there is a need for low paid workers, and trumpeting "Ooh it is disgusting, my nearly adult child is worth far more than that" is to miss the wider point!
We need a more stable world economy before we can raise the NMW. That is not something the government has fed me, not something I have been brainwashed to believe. It is the cold hard economics of the small business, the business sector that employs so many of us.