Millionen Menschen verdienen einen Mindestlohn, um eine Lohnerhöhung zu erhalten | Geldblog
https://news.sky.com/story/money-latest-budget-rachel-reeves-income-tax-consumer-personal-finance-news-13040934
Von topotaul
Millionen Menschen verdienen einen Mindestlohn, um eine Lohnerhöhung zu erhalten | Geldblog
https://news.sky.com/story/money-latest-budget-rachel-reeves-income-tax-consumer-personal-finance-news-13040934
Von topotaul
28 Kommentare
This is great news for low earners. Now, if only other companies willingly increased pay/salaries by similar percentage, we could all benefit… oh wait.
I guess this is good overall though causes all sorts of undesirable secondary effects.
I’m just trying to look at the NHS nursing pay bands.
So both a band 2 HCA and a band 3 HCA are on minimum wage now? I can’t believe that’s right, it would be incredible. You can’t have them both on minimum wage as they have different levels of skill/responsibility.
Hourly rates listed on the Agenda for change nursing website:
[https://nursingnotes.co.uk/agenda-for-change-nhs-pay-bands/](https://nursingnotes.co.uk/agenda-for-change-nhs-pay-bands/)
The problem is that companies will just put prices up and cut their staff, because god forbid CEOs and Exec’s don’t get their millions in bonuses. Expect lots of cuts in January even though companies are making record profits. Infinite growth and all that.
Forcing up the minimum wage is poorly thought out policy, the end result is just businesses putting up prices in reaction and driving inflation. Also, if every job is minimum wage, then there’s no incentive to do the worse jobs, as someone else mentioned, including those in the public sector.
Labour taking credit for spending other people’s money.
This type of increase works if enacted alongside business friendly policies or growth making policies.
If you force a restaurant to pay more you either reduce profits or increase prices, likely the later. All that happens is lower demand, more closures and more job losses.
Why are you going to employ 18 year olds if you are pricing out their employment?
I suppose of Labour freeze thresholds until 2030 i suppose the end game is that all employees start paying income tax.
This is a difficult topic to discuss but I do think we’re hitting a point where minimum wage increases aren’t necessarily actually helping, just driving further inflation, and we’d probably do better to address the root causes of our CoL being so high. We already have one of the highest minimum wages in the world. If the problem was „just pay people more“ than we’d already have solved it frankly. Meanwhile the level of wage compression for people above the minimum rate has gotten properly and increasingly silly where there is less and less incentive to bother trying to progress along a career.
Given that it seems the Government are really firm on getting minimum wage to be 2/3 of median wage how about we just use that to guide other payments too?
Change the state pension to be a fixed 1/3 of MW. Get rid of the various top up schemes. If you qualify, this is what you get.
I’m sure you could also tie council tax too in door way.
This sounds great until you remember that the employee has to pay tax, NI & possibly pension on this and the employer has to pay NI and pension too. So it costs the employer more to give the raise than the employee gets in spending power.
I wonder how they’ll fund the short fall, I won’t possibly be in price rises or “efficiency” measures will it.
Is the tax free allowance going up from £12,570 or are we getting another tax rise again this year?
I do think the government needs to think more about the above inflation minimum pay rises.
I really do think that this is pushing more of the terrible gig work scam going on at the moment where companies are trying to push people to be self employed as ‚gig‘ workers.
Obviously this move will have its positives, but as a 19 year old, so many of my friends have struggled to get part time work during uni/ school and during the summer holidays over the past few years as there is already so little going. This will just make it even harder for people around my age to get summer jobs or part time work
*“You will earn the minimum and be happy“*
-Keir Starmer
A plaster on a flesh wound. Ultimately, the only way for a country to get reliably richer is to move more of its population from low value-add roles into high value-add roles. Developing countries do this by exporting incrementally more sophisticated products to richer countries, increasing the skill level of their workforce as they go.
Didn’t she do this last year? We’ve already seen businesses stop hiring and making redundancies. All this talk about NEETS. But wait, let’s make them even harder to employ. Make it make sense.
Literally just going to lead to a load of people going from minimum wage to £0 wage, and likely also some not on the minimum wage as well. Absolutely incredible that they learned nothing from the last budget.
Good news for low earners but majority who do jobs with responsibility its a kick in the teeth. If the Government actually fixed issues like energy costs, food and rent/morgates fee costs.
Then more people would have more money in their pockets. Instead inflation keeps majority of the countries wages suppressed and most people keep on struggling paycheck to paycheck. Its absolutely pointless trying to build a life in the UK due to Greed. I’m on 31,500 and barely make ends meat when bills, rent, food and transport costs are taken. Can’t wait for more of my taxes to to up too!
Who is paying for this! What business support is going to be provided as many small to medium are struggling as it is wit(h NI hike?
Meanwhile rent has increased by about 7% and cost of living about 3.6% meaning that a minimum wage employee will still be worse off then they were a year ago rent alone would’ve increased by about £1700 a year on average easily wiping out any extra income from this increase. Good start though definitely good news.
I don’t know why they always half ass things.
Just put it up to £100k and legislate that everyone gets an apartment that they can’t be kicked out of it and can’t have their energy shut off.
I mean thats how they think the world works right so just go all the way, what could go wrong?
Shits all over my 2.6% payrise this year. Which was hindered by the last budget.
In other news, underpaid people will be slightly less underpaid,
Me getting paid below minimum wage : that must be nice
Sorry but this is shite news. A minimum wage increase just means the cost of everything is gonna climb to cover wages. This is just driving inflation up on a yearly basis at this point. We need cost freezes to go in tandem with it if anything is going to get better.
Unfortunately, this means the share holders all accross the world will have a lower percentage increase on profits. Not a loss, still a profit, just not as much of a profit. That can never happen. It would be apocalyptic to them.
So judging by the comments so far, I assume the preferred option is to just freeze minimum wage at its current level for a few years?
Meanwhile those just above minimum wage get nothing and the gap between our salaries (for additional stress and responsibility) gets ever closer to the minimum.
The real way to sort this is to tie all wages and salaries to inflation.
We’re gradually becoming communist – everyone will be earning the same, working or not working. For many there’s no incentive to work at all, for those working, there’s little incentive to work harder and smarter. It’s incredibly foolish of our leaders given we’re desperate for economic growth. The USSR didn’t provide a great standard of living for the vast majority.