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Old 25 Oct 21, 03:08 PM  
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Tinks2014
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Minimum wage rise

For those aged 23 its rising to 9.50 and those aged 21-22 it goes up to 9.18.
For those who are in lower paid jobs this is good news for a change .
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Old 25 Oct 21, 03:56 PM  
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Tracydcp
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Yes certainly good news 👍
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Old 25 Oct 21, 05:17 PM  
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sophiepop
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I am happy for people getting pay rises, they are lovely. But the knock on effect for some businesses could actually close them.
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Old 25 Oct 21, 06:13 PM  
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Moorlandman
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Originally Posted by sophiepop View Post
I am happy for people getting pay rises, they are lovely. But the knock on effect for some businesses could actually close them.
Better they close than having tax payers subsidising their staffs wages with tax credits
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Old 25 Oct 21, 06:19 PM  
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Sew109
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Originally Posted by Moorlandman View Post
Better they close than having tax payers subsidising their staffs wages with tax credits
Guess you feel the same about furlough, covid grants etc..
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Old 25 Oct 21, 06:25 PM  
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Moorlandman
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Originally Posted by Sew109 View Post
Guess you feel the same about furlough, covid grants etc..
That was temporary. For the last 20 years businesses have benefited from the taxman supplementing very low wages. It cannot be right that someone working 40 hours a week still needs tax credits to survive.
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Old 25 Oct 21, 06:27 PM  
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Cloverlady
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What about those who have worked hard and had payrises and promotions (son's friend's girlfriend who works in a supermarket ) to earn just about that now.
That wipes out her advantage.
I guess there are loads in this position in the lower paid jobs who work bloomin' hard to try to go up the ranks and suddenly all the staff are at the same pay level.
I doubt companies are going to be able to afford to increase all of the promoted staff's wages to the same advantage it was before.
It's those I feel for.
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Old 25 Oct 21, 06:33 PM  
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Wont the rise in NI cancel the gains of this out somewhat?
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Old 25 Oct 21, 06:38 PM  
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megaflyer
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Originally Posted by Pumpkin Pie View Post
Wont the rise in NI cancel the gains of this out somewhat?
Plus the predicted inflation of 5% by year end - it is great its being increased but will be cancelled out (unfortunately)
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Old 25 Oct 21, 06:42 PM  
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Pino_Spetzberg
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Originally Posted by Cloverlady View Post
That wipes out her advantage.
I guess there are loads in this position in the lower paid jobs who work bloomin' hard to try to go up the ranks and suddenly all the staff are at the same pay level.
I doubt companies are going to be able to afford to increase all of the promoted staff's wages to the same advantage it was before.
It's those I feel for.
If the advantage of 'moving up the ranks' is wiped out by a small increase in minimum wage, it's a tough realisation they have not really 'moved up the ranks' at all.
Slight pay rises for taking on extra responsibility or a heavier workload often turn out to be more imagined than real.

Keeping lowest paid workers on poverty pay to protect differentials belongs to the Victorian mill owners.
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