(Original post by RogerOxon)
Fair point, although I'm not for that. Ensuring that there are no barriers to achieving your full potential (job-wise) is as much as I would ask.
(Original post by The Good Doctor)
What sort of life is that!?!? A perfectly respectable, comfortable and most of all SENSIBLY MANAGED life! Did you not pay attention to the numbers? There is plenty left over to do with what you like. Within all the saving, there's still enough money for a carefully budgeted night out every week. Occasional outings to the cinema. Occasional short trips to Spain, etc. And you know what? You could probably even take a whole day off EVERY week with no pay and still have a bit left over for some luxuries! If anything, the minimum wage could do with being lowered. Because people can SURVIVE on much less in this country and still be better off than the majority of the rest of the world. And that is what it is meant to do. Enable you to SURVIVE and stop employers from paying you less than is necessary to ensure that! Or do you just object to having to make an effort to afford all your creature comforts?
You think society is morally obliged to pick up the bill for your evenings in Nando's with your buddies? Do you think society should just provide you with the money to pay for entry and drinks fees in whatever nightclub you feel like going to every week because that is your right? Or pay for a nice big house with a garden and a 70 inch flatscreen TV with Netflix? Do me a favour....
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(Original post by Bornblue)
There have been a whole host of studies conducted on whether the minimum wage increases unemployment and there hasn't been any which prove or even strongly suggest that it does.
The vast majority find very litttle effect on employment from raising the minimum wage.
Obviously the minimum wage needs to be increased at a sensible rate but there simply isn't the evidence to suggest it does more harm than good.
This is true , there is virtually no effect.
For the doubters see below( I am right wing)
He can also see the empirical evidence here
The results were clear. Of the nearly two dozen federal minimum-wage hikes since 1938, total year-over-year employment actually increased 68% of the time.
In those industries most affected by the minimum wage, employment increases were even more common: 73% of the time in the retail sector, 82% in low-wage leisure and hospitality.
In fact, if anything, the data suggest that increases in the federal minimum appeared to encourage job growth and hiring.
Perhaps even more striking, of the only eight times that total or industry-specific employment declined after a minimum-wage increase, the US economy was already in recession (five times), technically just emerging from recession (twice), or about to head into recession (once).
Clearly, this handful of employment downturns would be better explained by the normal business cycle than by the minimum wag
We have been raising the minimum wage for 78 years, and as a new study clearly reveals( see the link), 78 years of minimum-wage hikes have produced zero evidence
of the "job-killing" consequences these headline writers want us to fear.
The International Monetary Fund (IMF) has slashed its US growth forecast, urged policy makers to keep interest rates low and raise the minimum wage to strengthen its recovery
The IMF have advised America to increase the minimum wage as seen here
British wages and American wages have been stagnant and raising the minimum wage will change that and Osborne did just that.