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@PeterMcCormack There’s no use arguing with people who don’t understand business , or run one. Great to be an ideologist, but the uk is becoming one of the worst developed countries on the planet to even attempt a business now. The high Minimum wage is resulting in mass youth unemployment.
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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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@PompeyNewsNow It’s Pompey. So they will
Sell them for a third of their actual value
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How much would it take to potentially prise Terry Devlin and Adrian Segecic away from #Pompey this summer?
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With the Eisners, I think even if they sold devlin (2.5 -4.5million) , used that and lang money, invested an extra £2 million on top , and obviously reinvest any other player sales , that should leave us with £6 -£7 million for this year which will be a step up. #pompey
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@pn_neil_allen Desperately need to get Blair some minutes on loan at league 1 next season. He needs 30 games +
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Don't feel enough credit has been given to Harvey Blair for that exquisite pass for Adrian Segecic's opener. Well worth revisiting. Absolutely sublime. 👏👏👏👏 #Pompey
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@pn_jordan_cross Problem here, is £2 million is laughably small as a bid, yet I expect us to sell for not much more. For any other club, a young excellent championship right back, who can play almost anywhere, with still levels to improve, would be selling for £4 million bare minimum
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The latest - and totally honest - update from Pompey boss John Mousinho over Terry Devlin's future this afternoon.
portsmouth.co.uk/sport/football…
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@BluesNews_ Well That’s you reading of it. It could be interpreted as give me a good budget or I’m 100% gone
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John Mousinho has confirmed he wants to stay and will be talking to the Eisners about budget and recruitment. #Pompey

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@rawespresso You are supposed to pay into a private pension, the state pension isn’t supposed to be wholly relied upon.
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@adarkelimited We really do need to loan the youngsters. Kirk. Waddingham , Blair, Matthews, etc . All desperate for regular league 1/2 experience
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@StassSportsNews I’m not trying to make big excuses for them, as we do need a better budget. But unlike almost every other club in this league , we arnt getting any big fees for selling players to reinvest. Maybe that changes this summer with devlin
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Time to reflect #Pompey fans.
Mous has had his faults but again outperformed a terrible budget given.
We don’t want stupid money thrown at it, but Eisner hasn’t delivered again and almost caused relegation.
Where’s the academy?
What’s the plan?
Guildhall promises not kept.
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Devlin’s value is purely down to how many clubs are in the running for him. Could be anything from £2-6million depending on if the big boys come in. One of the best full backs in the league. Who can also play midfield or even attacking mid. He’s like gold dust. #pompey
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@OliverHarry And if they get injured?
We are screwed.
I get where you are coming from though.
A month ago we were in real trouble. Some decent fit attackers and we look a different side. Colby a different player, when he has support.
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If #pompey stay up , we need a change of transfer policy. Rather than gambling on 8-10 100-500k players, we need 3-4 nailed on starters, 2-3 million each. (A striker, centre mid, winger, number 10). Even if that means selling Devlin to help fund it.
The rest can be loans
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@CanadaP14 I can’t work out if this is a joke or not.., would take him every day of the week
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