Min wage £10 per hour?

[monkeysox]

In an ideal world it would of course be better if the lowest pair were no longer reliant on tax credits etc.
How would businesses afford this?
If makes a mockery of skilled trades who are paid just over this rate now (north)
What aspiration would there be for young people to learn a trade (think electricians or similar) when they could get £10 per hour stacking shelves for example.

I don't agree with what the tories have done to education and NHS bus this labour policy seems poorly thought out.

People will still want to train to be 'above' the lowly shelf stacker. It all smacks of how dare those unskilled plebs earn a decent wage to me.

I am not sure when people will realise that workplace pension, NMW @ £10ph etc just increases the cost of goods and services. I don't agree with tax credits either as that narrows the skilled/unskilled gap.

There's no real incentive for people to work harder, get more educated, do training etc. all while they can get topped up by legislation.

Same, solo

As it stands at the moment, a lot of skilled jobs will not be earning much more than me when it all rises. I don't think it's about people wanting "unskilled plebs" to not earn a decent wage, it's about the pay gap being shortened for those in work positions where they have had to do lots of training or have a lot of responsibility. For them they won't be getting the pay rise % to go inline with what me is going up by.

I'm peeved because the company I work for have just announced the NVQ training we could do before has been scrapped for now due to "company funding." In other words cutting back to make way for big pay increases for mw. I was hoping to do the NVQs this year

As a few have said, it won't make any difference. The lowest paid in the company will get more, companies will be forced to give everyone a pay rise to maintain the separation between management and experience levels.

Therefore Companies will put prices up to cover the higher wage bill. Therefore everyone will be left in the same situation.

As it stands at the moment, a lot of skilled jobs will not be earning much more than mw when it

It's the same as the bank holiday saga, it will only benefit those who are on annual leave plus BH not annual leave inc. BH

If you're in an unskilled profession, then great. If you're in a mixed profession then not great.

stupid autocorrect puts mw as me!

It's okay to say that all companies will have to put their prices up but what happens when those products could then be made much more cheaply abroad?
With the auto enrolment and loss of sick pay recovery small businesses are having a tough time already.Raising the mw could just about finish some off altogether.

I am on the care sector. I am on just over the minimum wage. I work in a responsible role working with people with severe mental health conditions. I am very well trained. My wage won't go up unless the government/local authority give more money to the organisation I work for. I feel I should be able to live on my wage. Tax credits have helped many people but they are in effect a subsidy to big businesses that don't need to put their staff's wages up whilst tax credits exist.

It depends what you consider to be a highly skilled job. I think caring for the elderly and disabled. Looking after children to be highly skilled. Both often only paid at MW.

AnitaPallenbergsKnees

You are spot on, goods have a price limit. Therefore wages will have a limit too.

Forcing companies to pay staff more will definitely cause some to fold

Small businesses will not be able to meet the increased payroll. They will either lay off some staff or go bust. This is the sector I work in so yes, this is a statement based on fact and previous experience. It's a great idea in principle, but business owners cannot afford it.

I'm a small business owner, increasing the NMW would cost me over £36000 a year, which is a very large chunk of profit...pp who says prices would rise because businesses are only interested in profits - well obviously, wouldn't be much point if I couldn't make money from my business!

If you stop looking at it in isolation then it makes a little more sense in my mind, £10 an hour minimum wage, added to capped energy and rent, means more people have more money in their pocket which in turn stimulates the economy further, more people employed more tax revenue but with people feeling in more control of their life, but yes those who currently benefiting from others cheap labour will no doubt come on and tell us how ruined the country will be because of it

Justanotherposter I suppose all those local councils benefitting in cheap labour could just put the council tax up so the staff are higher paid.

Some of the parents at my dcs school are moaning that the cost of the meals has gone up (meals provided by company funded by local council). Erm, local councils don't just grow money on trees to pay staff...

I do agree rent needs to be capped!

Surely this is being rushed in? It hasn't been thought through properly. Yes we would all like NMW to be £10, but what about the nurse on £11.20 etc.

Why put up the council tax if the local government is being adequately funded and not deliberately underfunded as it currently is?

Seems to me that some of you want to keep the low paid down.

It all smacks of how dare those unskilled plebs earn a decent wage to me.

I agree, people are so bloody selfish.
What about having the companies make less profit and spread it to the employees instead, now there's a novel idea.

Lots of companies could easily afford to pay their workers £10 MW instead of expecting their employees wages to be topped up by tax credits

I believe thats part of the idea with the national investment bank and the regional 'bank of the north' is to help SME's with their business model but ultimately if your business relies on paying people a low wage to allow yourself to make a profit then meh try a different model

Exactly, it's not the local governments fault they are being unfunded so they are using their budgets accordingly. Unfortunately that means lower wages for employees

Lots of companies could afford to pay their staff more, I agree, and don't depute that. I just hope when they put up wages for mw workers they also put up wages for staff at the higher levels too.

I don't just think it's wages that are part of the problem with companies. I know for my brothers (small) business, cost of raw materials doubled in a few short years meaning to just make the product, it was costing double. I know that the wage bill was always the highest outgoing and he certainly isn't rolling around in money in his ivory tower!

underfunded

It all smacks of how dare those unskilled plebs earn a decent wage to me.

Some of these comments do sound a lot like that. I have a degree and work as a teaching assistant in a secondary school. I earn £8.40 an hour. Not everyone on low money is unskilled