Minimum Wage
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A minimum wage can be beneficial … as long as it’s set at the right level   So is Tidjane Thiam right about minimum wage rules? The chief executive of the Prudential was outspoken in his criticism of minimum wage legislation at a high profile debate at the World Economic Forum in Davos. 10 Comments
submitted by TimWorstall on 27th Jan 2012 (via timworstall.com)
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Any excuse Nick, any excuse Coalition plans to raise the income tax allowance to £10,000 should be accelerated to tackle the growing economic crisis, Nick Clegg will say. Actually, you need to be even braver than this. And steal a real political march on those to the left of you. Annouce that the minimum wage, full time, full year, is
submitted by TimWorstall on 26th Jan 2012 (via timworstall.com)
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Correct 6. The best thing for wages and working conditions is full employment, and we can achieve this by getting rid of the minimum wage and regulations. This will increase wages and improve working conditions, but these higher wages and conditions won’t reduce employment in the same way as the regulations did before because free market. Yup. Because
submitted by TimWorstall on 20th Jan 2012 (via timworstall.com)
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Millions of Londoners returning to work were today hit hard by a fourth year of inflation-busting fare increases from Boris Johnson, as new research shows that fares in London are now costing over a quarter of minimum wage take home pay. Today is the first working day back under the new high fares package. It hits Londoners hard at a time when people are facing a squeeze on their quality of life a...
submitted by LabourMatters on 3rd Jan 2012 (via labourmatters.com)
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An interesting question Under the Youth Contract, 160,000 workers aged between 18 and 24 will have half their wages paid for the first six months. The scheme will only pay half the minimum wage – worth £2,275 – to employers who will then make up the difference. Wouldn’t just halving the youth minimum wage achieve the same effect?
submitted by TimWorstall on 25th Nov 2011 (via timworstall.com)
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In September, the BIS Select Committee unanimously delivered a devastating verdict on the pubcos for the third time running and lambasted them for repeatedly breaking promises to change their business practices. They also found unambiguously that ‘the tie’, as operated by them, is unfair to licensees, many of whom can’t earn minimum wage despite healthy
submitted by LiberalDemocratVoice on 5th Nov 2011 (via libdemvoice.org)
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At Conference, Danny Alexander repeated his view that the personal allowance for income tax should be raised beyond £10,000, saying: In the next Parliament, I want us to go further; our aspiration should be that someone working full time on the minimum wage should pay no income tax at all. An income tax threshold of
submitted by LiberalDemocratVoice on 4th Nov 2011 (via libdemvoice.org)
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Nick Clegg has launched a national internship scheme to increase social mobility, end inbuilt disadvantage and conform with the minimum wage. Culture secretary Jeremy Hunt has been criticised this week by a leading national campaign, Graduate Fog, for recruiting unpaid interns. The climate is changing – and yet seemingly not in our own house. I
submitted by LiberalDemocratVoice on 29th Oct 2011 (via libdemvoice.org)
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A quick update to my previous post about the campaign, backed by Nick Clegg, to get PR agencies to pay interns at least the national minimum wage: Thirty Four Agencies Sign Up To PRCA Pledge To Pay Minimum Wage To Interns… But of the ten biggest UK agencies – according to the PRWeek Top 150
submitted by LiberalDemocratVoice on 27th Oct 2011 (via libdemvoice.org)
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Idiotic fuckwits MPs have voted to to begin the abolition of the Agricultural Wages Board – which over 140,000 workers in Britain rely on. The AWB has protected the wages and rights of agricultural workers for over six decades. Sign up to stand with them Sigh. Before we had the National Minimum Wage we had a series
submitted by TimWorstall on 25th Oct 2011 (via timworstall.com)
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