[Politics] The Breakthrough Party.

[Baldseagull]

Good point Randy ... what about all the people who vote for the 'keep the door wide open for cheap Eastern European Labour party' ensuring wages at the bottom are continually suppressed?

A minimum wage is there to stop that pressure at the bottom. Still need quite a lot of those workers, but now the employer has to stump for Visa fees too. Obviously don't need quite as many as before, now that a lot of businesses have moved their warehousing and distribution to Belgium or Holland, ya prick.

 

[Springal]

I thought this was about some new Brighton thing where everyone takes DMT together

 

[Baldseagull]

Very poor attempt at deflection Mr Nob.

For years, you have been a cheerleader for all those lovely institutions, politicians and business's who all insisted having a lovely, endless supply of cheap labour (which undoubtedly suppressed wages, mainly at the lower end) is the only way our economy can prosper ....

It certainly prospered more, but hey, maybe it's all covid and Ukraine squashing our exports.

 

[Randy McNob]

Very poor attempt at deflection Mr Nob.

For years, you have been a cheerleader for all those lovely institutions, politicians and business's who all insisted having a lovely, endless supply of cheap labour (which undoubtedly suppressed wages, mainly at the lower end) is the only way our economy can prosper ....

absolutely, because anyone with at least half a brain cell knew whilst acknowledging EU membership wasn't a perfect system the alternative was the current clusterfkc we find ourselves today. Do you think you got value for the FOM you traded in? Or is it the usual keep believing / wait another 20 years?

Even Farage says it's failed

 

[Wokeworrier]

A minimum wage is there to stop that pressure at the bottom. Still need quite a lot of those workers, but now the employer has to stump for Visa fees too. Obviously don't need quite as many as before, now that a lot of businesses have moved their warehousing and distribution to Belgium or Holland, ya prick.

A minimum wage is set based on a number of factors, one being, supply and demand of labour and cost to businesses. Obviously, having a ready supply of cheap labour reduces reasons to increase the rate.

Also, increasing the rate encourages more uncontrolled immigration in a virtual open border EU membership scenario ...

To be fair to you Baldy at least you walk the walk when it comes to immigration matters, kindly offering a home to a Ukranian female

 

[Baldseagull]

A minimum wage is set based on a number of factors, one being, supply and demand of labour and cost to businesses. Obviously, having a ready supply of cheap labour reduces reasons to increase the rate.

Also, increasing the rate encourages more uncontrolled immigration in a virtual open border EU membership scenario ...

To be fair to you Baldy at least you walk the walk when it comes to immigration matters, kindly offering a home to a Ukranian female

The lady we hosted returned to Ukraine, decided she would be happier in a war zone than in Crawley, or maybe it was just my family?

 

[The Clamp]

I’m genuinely naive about economics. Can anyone explain, very simperlee, why having an okay min wage like £16 would raise inflation?

It really isn’t that much money is it? Enough to rock U.K. economics?

And if possible why paying large dividends, bonuses, and wage increases to the already wealthy does not raise inflation?

Or does it raise inflation?

And if so, why the former is unacceptable and the latter not a problem?

Genuine questions.

 

[wellquickwoody]

They also want to work towards a universal basic income and to reduce the retirement age to 60.

Live longer, retire earlier, Utopia!

 

[WATFORD zero]

I’m genuinely naive about economics. Can anyone explain, very simperlee, why having an okay min wage like £16 would raise inflation?

It really isn’t that much money is it? Enough to rock U.K. economics?

And if possible why paying large dividends, bonuses, and wage increases to the already wealthy does not raise inflation?

Or does it raise inflation?

And if so, why the former is unacceptable and the latter not a problem?
.
Genuine questions.

Partial answer

Union fury as figures show pay rises among top earners driving inflation​

The best paid have had the highest wage hikes, but the majority of workers have seen their salary growth fall, according to ONS data. Pay rises for the top 10% of UK earners, including City bosses, have clearly outstripped those for the rest of the workforce and been prime drivers of recent inflation and soaring interest rates, according to new analysis of official figures.

https://www.theguardian.com/money/2...pay-rises-among-top-earners-driving-inflation

 

[Machiavelli]

I’m genuinely naive about economics. Can anyone explain, very simperlee, why having an okay min wage like £16 would raise inflation?

It really isn’t that much money is it? Enough to rock U.K. economics?

And if possible why paying large dividends, bonuses, and wage increases to the already wealthy does not raise inflation?

Or does it raise inflation?

And if so, why the former is unacceptable and the latter not a problem?

Genuine questions.

WZ has answered your second question. As to your first, they've always banged on about introducing and raising the minimum wage as being inflationary. It hasn't been thus far.
Hiking it up really quickly would do that though. The logic is quite simple: you increase wages by that amount, you're basically pumping extra money into the economy. But you're not immediately increasing the goods, services, etc on sale. That means there's more money chasing a static range of goods, which induces price increases, hence inflation.

 

[The Clamp]

Partial answer

Union fury as figures show pay rises among top earners driving inflation​

The best paid have had the highest wage hikes, but the majority of workers have seen their salary growth fall, according to ONS data. Pay rises for the top 10% of UK earners, including City bosses, have clearly outstripped those for the rest of the workforce and been prime drivers of recent inflation and soaring interest rates, according to new analysis of official figures.

https://www.theguardian.com/money/2...pay-rises-among-top-earners-driving-inflation

Thank you.

 

[The Clamp]

WZ has answered your second question. As to your first, they've always banged on about introducing and raising the minimum wage as being inflationary. It hasn't been thus far.
Hiking it up really quickly would do that though. The logic is quite simple: you increase wages by that amount, you're basically pumping extra money into the economy. But you're not immediately increasing the goods, services, etc on sale. That means there's more money chasing a static range of goods, which induces price increases, hence inflation.

Thank you, very well explained.

 

[Baldseagull]

I’m genuinely naive about economics. Can anyone explain, very simperlee, why having an okay min wage like £16 would raise inflation?

It really isn’t that much money is it? Enough to rock U.K. economics?

And if possible why paying large dividends, bonuses, and wage increases to the already wealthy does not raise inflation?

Or does it raise inflation?

And if so, why the former is unacceptable and the latter not a problem?

Genuine questions.

The theory is, if every low paid worker is paid more, then the price of everything will have to rise to cover it. delivery drivers, shop workers, warehouse workers, factory workers getting paid more will increase the cost of production and distribution. When the bosses and shareholders get more, it comes from the profits and does not directly add to the costs.
The pretence is that if every low paid worker were paid more, they would have to spend all the extra on the now higher priced goods.

However, there are factors that mean paying a higher wage can decrease the cost of production, because workers don't need to find a better paid job, they stay and the costs of recruitment are reduced, happier workers are more productive, and quite a lot of staff steal from their employer if they are skint, and especially if they feel undervalued. A lot of what goes missing in retail stores is staff stealing it, delivery drivers "lose" parcels, etc. there will always be thieves, but most people do it more out of necessity than greed.

Other factors like what the workers do with their pay v what investors do with their dividends, what tax is paid on earned income v investment income, tax rates on higher earners v lower earners, what the Government has to pay in benefits to support low income families etc. make it a much more complex picture to work out where it is best to set the minimum wage for the country.

 

[Blue3]

I’m genuinely naive about economics. Can anyone explain, very simperlee, why having an okay min wage like £16 would raise inflation?

It really isn’t that much money is it? Enough to rock U.K. economics?

And if possible why paying large dividends, bonuses, and wage increases to the already wealthy does not raise inflation?

Or does it raise inflation?

And if so, why the former is unacceptable and the latter not a problem?

Genuine questions.

I agree we need to pay the lowest working a living wage and £16 an hour is not much to pay for the jobs that many are not willing to do, we really are a messed up country where we value someone more for making themselves £millions awarding them with great honours rather than someone cleaning a hospital or an individual delivering to your door late into the evening

 

[sparkie]

Does this Breakthrough Party have a happy atmosphere?

I love a party with a happy atmosphere.

 

[1066familyman]

I agree we need to pay the lowest working a living wage and £16 an hour is not much to pay for the jobs that many are not willing to do, we really are a messed up country where we value someone more for making themselves £millions awarding them with great honours rather than someone cleaning a hospital or an individual delivering to your door late into the evening

And we saw during Covid exactly what kind of workers are really of most value to a functioning society. We called them 'key workers' then and, surprise surprise!, most of them are among the lowest paid in the country.

It's a bloody disgrace!, is what the state of this country is.

 

[1066familyman]

Does this Breakthrough Party have a happy atmosphere?

I love a party with a happy atmosphere.

Even better if they can deliver Club Tropicana for all.

Drinks are free there you know

 

[Randy McNob]

A minimum wage is set based on a number of factors, one being, supply and demand of labour and cost to businesses. Obviously, having a ready supply of cheap labour reduces reasons to increase the rate.

Also, increasing the rate encourages more uncontrolled immigration in a virtual open border EU membership scenario ...

To be fair to you Baldy at least you walk the walk when it comes to immigration matters, kindly offering a home to a Ukranian female

So if we, for arguments sake, pretend our current immigration policy is a roaring success and you bought into the idea that was driving wages down then you wouldn't grudge workers the pay rise they demand and deseve? All that Brexit success money swelling the government coffers can pay for it and then some....

 

[BadFish]

Bloody good job inflation is fully under control at the moment then.

Phew!... Thank God for the Tories.

You don't want a bunch of grubby lefties f***ing up the country. That's what your public school toffs are for

 

[Weststander]

I agree we need to pay the lowest working a living wage and £16 an hour is not much to pay for the jobs that many are not willing to do, we really are a messed up country where we value someone more for making themselves £millions awarding them with great honours rather than someone cleaning a hospital or an individual delivering to your door late into the evening

That’s a £29k salary.

In France it’s (the GBP equivalent) £17.6k, Netherlands £20k, Spain £12k, Italy nil. There must be a reason why this mix of socialist and centre right governments don’t set their at €33.7k.

Should an unskilled or semi skilled 22 year old be guaranteed a £29k salary, should someone of any age changing vocations with no skill set yet receive that salary, what about small employers such as cafes making minuscule profits/losses be required to pay £16ph to all employees?

But £29k does sound right as a minimum imho for someone very experienced in their roles working for employers not on the breadline. It’ll take years to get there though.