Ur Mas Ur Da
558 posts
Not sure who can look at the UK job market and the state of youth unemployment and conclude that the solution is a further 18% rise in the minimum wage oh hi it's the Green Party
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Minimum wage is for low skill work, work anyone can do.
𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉@OrevaZSN
The minimum wage is meant to be the lowest wage you can live on and afford housing. So, for everyone saying "it's not meant to be that," yes, it is. That's why it's called the minimum wage.
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A minimum wage of £15 would end my coffee shop, it would have to close, as would many other businesses.
I’ll explain for the economically illiterate.
Staff costs are currently half our costs, a £15 minimum wage is actually more than £15 an hour for the company, because you have to add:
- 12.07% holiday
- Sick pay
- Maternity pay if and when required
- National insurance
- Pension contributions
These costs would mean the shop loses money because remember, energy costs are up, rates are up, regulations are up.
Now you can pass these costs onto the consumer - that would mean charging a lot more for coffee, people won’t pay it. The likes of Starbucks and Costa can, because they have economies of scale. The independent doesn’t.
Now the little socialist will say well this is your fault, if you can’t run a business that can afford to pay its staff properly, but the little socialist has never run a business and does not understand the dynamics.
Now I could pay some staff off and fill those hours myself or reduce us to one staff member during certain periods - but this proves the point that a minimum wage costs jobs.
There was a time when these jobs were done by kids, perhaps on the weekend, paid a lower wage, no holiday and no silly employment rights. Perhaps they were even paid cash. The dynamic worked and small businesses like this could operate. It was also a great first job. Sadly now it isn’t worth employing entitlement youngsters at this level of pay.
So alas, I don’t need the stress, the business would close, a number of jobs would be lost.
Economics is about understanding these dynamics, no vibes.
The cost of living is not solved through passing on inflation to the business, it is solved by ending high inflation and creating prosperity. This is what socialists don’t understand, they can’t create prosperity, they can only destroy it.
Harry Eccles@Heccles94
The Greens will raise the minimum wage to £15 for all workers 💪
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@JewDahMac @iiwasinthee212 Due to Britains infatuation with being the main superpower in Europe. It has zero to do with the atrocities the Nazis committed, that was an afterthought.
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@iiwasinthee212 Hitler was responsible for the deaths of over 450,000 British citizens.
Hope that helps.
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Sorry guys. "Heil Hitler," was quite possibly the most original and authentic rap song to come out since Fuck Tha Police.
for whatever its worth - artists deserve the right to express themselves in whatever capacity they see Fit.
If quentin can make Django,
Kanye can make heil hitler
I think the rest of the hitler humping was weird. Like he could have kept the mein kampf shit.... but the black klansman, white lives matter, cuck, gave my cousin head, nitrous to heil hitler run was the kind of bizarro shit we havent seen or heard in rap since Eminem got sober.
I do see how, the british public is too socially immature to accept a 3 day headline festival from him so soon...
And i dont really like this apologetic stuff hes on because its suuuuuper phony....
But for whatever its worth....
The master to Heil Hitler is blue chip contraband art.
I think punishing it is doing the opposite of whats intended.....
Besides - we had to look at images of little girls sucking grown mens dick in the epstein files....
We can have a little heil hitler
Banning him from the UK is obvious racism.
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@SteelHitta @iiwasinthee212 Yet your pfp is of someone who sends billions of dollars and is doing the dirty work for the new Nazi regime in Israel. Sit this one out pal.
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@iiwasinthee212 “We can have a little heil Hitler” ? Are you fucking psycho? 6M Jews died because of that fucking idiot Hitler … you make zero sense … leave the politics to the adults who actually have brain cells in their heads … the world cannot allow people to think it’s okay to be Nazi !!
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@meseiver @ClipXClipX Clearly isn’t loaded. Did you watch the video?
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@ClipXClipX 2 inbred retards, 1 having the finger on the trigger of a loaded gun and the other one not saying shit about it even when he points that shit right at him smh
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@JamesP728 You seem to have a problem with ordinary everyday people earning a decent wage? I think you might be abit of a cunt James.
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@EireTAL32 You think a low skill job that anyone can do should only be 10times less than the top earner?
The lowest paid workers at Man City should earn around £50k a week as Haaland is on £500k a week
Good luck with that😂
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A 10:1 pay ratio?! 😂
Do the Greens ever say how they will fund all of this rubbish?
Or is their mission just to make everyone poor?
Politics UK@PolitlcsUK
🚨 NEW: Green leader Zack Polanski will call for policies to end the "affordability crisis" tomorrow - The introduction of a 10:1 pay ratio, whereby the highest-paid employee earns no more than ten times the lowest-paid - Free school meals for all primary and secondary pupils - Universal energy bill support for households and stronger rent controls - A customs union with the EU to cut business costs
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The 10:1 pay ratio is such infantile utopianism it frankly beggars belief. It's such an unserious, student-politics-like policy that it it almost incomprehensible that it is a real suggestion from a major contender in British politics. Mind blowing!
Politics UK@PolitlcsUK
🚨 NEW: Green leader Zack Polanski will call for policies to end the "affordability crisis" tomorrow - The introduction of a 10:1 pay ratio, whereby the highest-paid employee earns no more than ten times the lowest-paid - Free school meals for all primary and secondary pupils - Universal energy bill support for households and stronger rent controls - A customs union with the EU to cut business costs
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@JamesP728 You aren’t limiting anyone’s wage. You are increasing the lowest paid worker in line with the highest paid at a ratio of 10:1.
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@EireTAL32 Where did I say that?
Limiting someone’s wage, doesn’t reward success and will drive talent away
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@CreativeDeduct Yes, because you’re poor yet you shill for a system you will never benefit from.
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@_carson_72 Why are so many people raging about others maybe receiving decent pay? 😂
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10:1 pay scale will just fuck the economy. 80yr old dinner lady at Man City would be on £50k a week 😭
Politics UK@PolitlcsUK
🚨 NEW: Green leader Zack Polanski will call for policies to end the "affordability crisis" tomorrow - The introduction of a 10:1 pay ratio, whereby the highest-paid employee earns no more than ten times the lowest-paid - Free school meals for all primary and secondary pupils - Universal energy bill support for households and stronger rent controls - A customs union with the EU to cut business costs
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@AlexsTweetPun @julianHjessop What if people just refuse to work for these companies that treat their employees like shit? Company collapse overnight. The CEO’s pay goes from 10million to 0.
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@julianHjessop Surely this would also increasingly motivate outsourcing of low pay/low skill jobs to alternatives? Automation, AI, machinery, offshore etc etc
You just sub contact cleaners out until humanoid robots arrive
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FYI, the Green Party's call for a maximum pay ratio of 10:1 between the top and lowest-paid person in each company is i) nothing new, ii) nonsense, and iii) unworkable anyway.
The twin aims are to end "obscene" payouts for "greedy CEOs" while also pulling up wages for the lowest paid as a means to tackle the cost of living crisis. Neither is sensible.
Based on current wages for the lowest paid, a 10-1 ratio would probably cap top pay at around £250,000 a year. That would not be enough to attract and motivate the most senior staff, further undermining the competitiveness of the UK economy.
(Just think what this would mean for any major international business, or Premier League football...)
Nor is there much more scope to raise the wages of the lowest paid by fiat, instead of by policies that actually improve productivity. In particular, the UK's national minimum wage is already relatively high compared to other countries.
A 10-1 ratio could not be achieved simply by redistributing the savings from cutting the wages of the highest paid, because there just aren't enough of them to make the numbers add up.
It will not help with the "cost of living" either, because a higher wage bill will inevitably be passed on in higher prices (as well as job losses). The fallout from the recent increases in employers NI provides a real world example.
Finally, any such cap would be a nightmare to administer.
Firms would try to find ways around it, such as increasing other elements of the renumeration of the highest paid, and contracting out the lowest-paid jobs. This could actually result in lower pay for many workers, and less secure employment.
In short, this is yet another example of a Green Party policy that would fall apart on first contact with reality!
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@Jordan_W_Taylor The subcontracting company will have to play by the same rules rules. They will have higher moral, standards and the fee the company pays for this contractor goes up or else they get substandard service. The worker still benefits, the company trying to get rid of workers loses.
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I don't usually do politics, but this is silly. The obvious response to a mandated 10:1 employee pay ratio is to simply replace all low-earners with specialist subcontracting companies. Who benefits from that?
Irrelevant since it'll never happen, but still...
Politics UK@PolitlcsUK
🚨 NEW: Green leader Zack Polanski will call for policies to end the "affordability crisis" tomorrow - The introduction of a 10:1 pay ratio, whereby the highest-paid employee earns no more than ten times the lowest-paid - Free school meals for all primary and secondary pupils - Universal energy bill support for households and stronger rent controls - A customs union with the EU to cut business costs
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@MW4Liberty The means ceos share of what workers produce is ZERO.
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Reminder:
Your "Fair Share" of what someone else has earned or produced, is exactly ZERO.
Thank you.
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The pay ratio idea is idiotic and ignores the fact that CEOs tend to be incredibly valuable and are actually worth their huge salaries.
Politics UK@PolitlcsUK
🚨 NEW: Green leader Zack Polanski will call for policies to end the "affordability crisis" tomorrow - The introduction of a 10:1 pay ratio, whereby the highest-paid employee earns no more than ten times the lowest-paid - Free school meals for all primary and secondary pupils - Universal energy bill support for households and stronger rent controls - A customs union with the EU to cut business costs
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@RoseEdmunds @DoomerOnThames @AdamPugh I think the other 300,000 will be quite fine without him rose.
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@DoomerOnThames @AdamPugh Exactly.
It is a complex £70bn business with 300,000 employees.
Very few people have the skill set to do that job.
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@AJ151O @BEANZ1878 99% of people can do 99% of the jobs on the market with 1 week of training
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@BEANZ1878 But bro the market forces make the price. If everyone can do a job then why should it be paid more
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No wonder why there’s such a brain drain in the UK
Georgina Hollifield 💚@sp4rkl3jumpr0p3
Outrage at a CEO only getting £120k a year and not outrage at the cleaner only getting £12k a year is why the country is in such a mess
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@PositivFuturist Okay, no now the cleaning company has to follow the same rules. Their cleaners are paid better, work better, have higher moral and take more pride in their work. The cost for their service go up now you have to pay more or get substandard service,you still lose. The worker wins.
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10:1 pay ratio.
Ok, so now I hire my cleaners via a cleaning company.
I broker a deal with a consultancy to give me junior staff with a clause that I can hire them myself directly when they reach a level of seniority.
Done.
That’s how fucking dumb you guys are.
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