GOG47:
I’m no economist and maybe this view is a bit simplistic but does anyone else suspect that the NMW is actually a brake on earnings, the endless supply of cheap foreign labour coming from economies where £8 odd an hour is problably 3time what they earn at home coupled with the universal credit effect where the work-shy and people trapped on benefits have to go out and work and bosses have no real need to pay anymore, discuss
Thank Gordon Brown for this, his tax credit scheme has been nothing but a subsidy for employers why pay a decent wage when the government will top it up. Labour’s reasoning for this was if you make someone dependant on you then they will always vote for you, all Labour had to do at election time was say that the Tories were going to take it away and people would vote Labour.