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.

That won't help all privately nurseries though - I'd be worried about the ones my dc are in, it needs consideration to avoid this happening

www.ifs.org.uk/publications/8694

This is what the IFS has to say about the min wage hike. Potential for 120,000 job losses AND will mostly benefit second earners with a higher waged spouse.

Sounds pants kitty and then I guess your employer would expect you to somehow be grateful for your new wage!

Exactly why the tories wanted to hike the min wage to £8 ph, to cut their tax credit bill!

As Blair intended, the min wage adjustments should be in the hands of independent experts at the low pay commission, and not subject to vote winning political tinkering when it affects hours and jobs and tax credits if they get it wrong.

The cost of living will go up in equal measures, so effectively nothing will change.