stewart

Teachers are the biggest variable influencing whether students achieve academic success or not. This fact alone demands that principals have respect for the role teachers play in the school.

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.

My wife collapsed in our hotel room in New York today “Call an ambulance, I can’t breathe” she was screaming My heart dropped If she ends up in an American hospital we are financially ruined I went on the Lufthansa app to book a flight back to Frankfurt, but unfortunately pilots are on strike today “Please I’m begging you” she was lying on the floor I sighed and called 911 She is now in surgery as apparently her appendix “almost burst” I am extremely scared This is going to cost us at least $100,000 She could have received much better care, for free, in Germany I will never visit this barbaric country ever again