Minimum Wage,£7 an hour
Poll: Minimum Wage,£7 an hour
Total Members Polled: 313
Discussion
obob said:
TheJimi said:
My personal opinion is that, no, it absolutely isn't
What if you already have kids and fall on hard times? Do you just feed them to the wolves?It's a tawdry reflection on society when some people trouser more than they can ever possibly spend, while others struggle by on a min wage pittance.
I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
So someone running a company employing 10,000 staff should be paid less than someone running a firm with a handful of city traders?
It's just trade union stick-it-to-the-management b
ks. It's not even traditionally socialist, you should be going after the man who owns the tractor factory, not the ones who run it, comrade.
It's just trade union stick-it-to-the-management b
ks. It's not even traditionally socialist, you should be going after the man who owns the tractor factory, not the ones who run it, comrade.BOR said:
It's a tawdry reflection on society when some people trouser more than they can ever possibly spend, while others struggle by on a min wage pittance.
I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom remuneration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
Sadly society has always been the same, and across the world it seems to follow a similar pattern - human nature I think is a fair explanation for it.I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom remuneration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
Personally, I don't like the idea of forcing anyones maximum pay - end of the day if the company is prepared to pay someone an amount for the work what has it to do with anyone else. The UK seems to be full of a lot of jealous comments like this (mainly aimed at Bankers) demanding why 'they' are paid so much.
It'll just cause more inflation - just like when it was first introduced. If the lowest paid workers increased to £7/hr then everyone above them will be after an increase as well.
I'm a PH director (sort of), and I can only afford to pay myself £650/month, hardly ever take a dividend. My missus is a part time employee on about the same wage, so we have a household income of £1300/month. And we have 3 kids under 5 years old. We do get some child tax credits along with child benefit, but don't claim housing or council tax benefit, even though I think we're probably eligible.
We get by OK, renting privately in a 3 bed house (can't get a mortgage, even though the rent is more than a mortgage would be). We don't have luxuries like foreign holidays or sky tv or the latest iphones, but the kids want for nothing.
A couple both earning £7/hr full time would be bringing in about £2000/month after tax. If you can't live comfortably on that, you need to reassess your outgoings.
I'm a PH director (sort of), and I can only afford to pay myself £650/month, hardly ever take a dividend. My missus is a part time employee on about the same wage, so we have a household income of £1300/month. And we have 3 kids under 5 years old. We do get some child tax credits along with child benefit, but don't claim housing or council tax benefit, even though I think we're probably eligible.
We get by OK, renting privately in a 3 bed house (can't get a mortgage, even though the rent is more than a mortgage would be). We don't have luxuries like foreign holidays or sky tv or the latest iphones, but the kids want for nothing.
A couple both earning £7/hr full time would be bringing in about £2000/month after tax. If you can't live comfortably on that, you need to reassess your outgoings.
pork911 said:
PugwasHDJ80 said:
we have a household income of more than 4k, but have a one year old.
We live just outside London, Me working doesn't bring in enough to pay the bills (nowhere close), so my wife HAS To work, She works a full month, and after childcare brings in £180 after tax for a lot of hard work. Childcare, student loans, rent (cheapest 2 bed round here is £1000 + bills), plus cars (mine paid for by my job), and we just about break even on a monthly basis. Sometimes we put away £100, which then gets eaten by a car repair, or essential for our daughter.
Our one holiday last year was camping in cornwall, which was free in a friends field.
Do we have it badly? god no. But on the flip side, i work 60+hours per week and we can't afford a holiday! We are very careful with money- our luxury is food, and for the three of us we spend about £110/week on supermarket shopping (although about £109 of that seems to be nappies
:P ) which could be cheaper (we use Aldi and Waitrose!)
Do those figures include child benefit, working tax credit etc?We live just outside London, Me working doesn't bring in enough to pay the bills (nowhere close), so my wife HAS To work, She works a full month, and after childcare brings in £180 after tax for a lot of hard work. Childcare, student loans, rent (cheapest 2 bed round here is £1000 + bills), plus cars (mine paid for by my job), and we just about break even on a monthly basis. Sometimes we put away £100, which then gets eaten by a car repair, or essential for our daughter.
Our one holiday last year was camping in cornwall, which was free in a friends field.
Do we have it badly? god no. But on the flip side, i work 60+hours per week and we can't afford a holiday! We are very careful with money- our luxury is food, and for the three of us we spend about £110/week on supermarket shopping (although about £109 of that seems to be nappies
:P ) which could be cheaper (we use Aldi and Waitrose!) Financially was a child a good idea for you at this time?
I'm not sure what we would have to be earning to make a child a "good" decision. Well into six figures I suspect.
out of that 4k we lose over half in rent and childcare.
We are seriously considering letting our dog go as he costs us close to £200/month.
BOR said:
It's a tawdry reflection on society when some people trouser more than they can ever possibly spend, while others struggle by on a min wage pittance.
I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
people on Min wage don't survive on it though- they can take advantage of a very large number of beneifts which often puts them into a very reasonable salary. I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
My next door neighbour had pretty much the same lifestyle as my wife and I, same house, similar car etc etc but worked 30 hours a week on minimum wage. He was never short of fags, booze, and was quite comfortable.
PugwasHDJ80 said:
BOR said:
It's a tawdry reflection on society when some people trouser more than they can ever possibly spend, while others struggle by on a min wage pittance.
I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
people on Min wage don't survive on it though- they can take advantage of a very large number of beneifts which often puts them into a very reasonable salary. I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
My next door neighbour had pretty much the same lifestyle as my wife and I, same house, similar car etc etc but worked 30 hours a week on minimum wage. He was never short of fags, booze, and was quite comfortable.
pork911 said:
PugwasHDJ80 said:
BOR said:
It's a tawdry reflection on society when some people trouser more than they can ever possibly spend, while others struggle by on a min wage pittance.
I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
people on Min wage don't survive on it though- they can take advantage of a very large number of beneifts which often puts them into a very reasonable salary. I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
My next door neighbour had pretty much the same lifestyle as my wife and I, same house, similar car etc etc but worked 30 hours a week on minimum wage. He was never short of fags, booze, and was quite comfortable.
PugwasHDJ80 said:
pork911 said:
PugwasHDJ80 said:
we have a household income of more than 4k, but have a one year old.
We live just outside London, Me working doesn't bring in enough to pay the bills (nowhere close), so my wife HAS To work, She works a full month, and after childcare brings in £180 after tax for a lot of hard work. Childcare, student loans, rent (cheapest 2 bed round here is £1000 + bills), plus cars (mine paid for by my job), and we just about break even on a monthly basis. Sometimes we put away £100, which then gets eaten by a car repair, or essential for our daughter.
Our one holiday last year was camping in cornwall, which was free in a friends field.
Do we have it badly? god no. But on the flip side, i work 60+hours per week and we can't afford a holiday! We are very careful with money- our luxury is food, and for the three of us we spend about £110/week on supermarket shopping (although about £109 of that seems to be nappies :P ) which could be cheaper (we use Aldi and Waitrose!)
Do those figures include child benefit, working tax credit etc?We live just outside London, Me working doesn't bring in enough to pay the bills (nowhere close), so my wife HAS To work, She works a full month, and after childcare brings in £180 after tax for a lot of hard work. Childcare, student loans, rent (cheapest 2 bed round here is £1000 + bills), plus cars (mine paid for by my job), and we just about break even on a monthly basis. Sometimes we put away £100, which then gets eaten by a car repair, or essential for our daughter.
Our one holiday last year was camping in cornwall, which was free in a friends field.
Do we have it badly? god no. But on the flip side, i work 60+hours per week and we can't afford a holiday! We are very careful with money- our luxury is food, and for the three of us we spend about £110/week on supermarket shopping (although about £109 of that seems to be nappies
:P ) which could be cheaper (we use Aldi and Waitrose!) Financially was a child a good idea for you at this time?
I'm not sure what we would have to be earning to make a child a "good" decision. Well into six figures I suspect.
out of that 4k we lose over half in rent and childcare.
We are seriously considering letting our dog go as he costs us close to £200/month.
did you not consider all this before the child?
I'm not having a go, I'm trying to understand why you would breed
we can all tighten our belts at times with certain things but children don't stop eating
BOR said:
It's a tawdry reflection on society when some people trouser more than they can ever possibly spend, while others struggle by on a min wage pittance.
I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
Completely agree, Boardroom remuneration has risen dramatically over the past decade or so for no other reason than 'because it can'. Its an old merry-go-round excuse trotted out about having to pay top dollar to attract the right sort of employee. More to the truth its 'the old pals act' you nod my pay through and I will do the same for you. Shareholders have been largely lazy in protesting huge remuneration increases mostly due to the fact that they can be safely ignored anyway.I saw a graph recently showing that wages over the last few years have completely plateau'ed off whilst inflation continues to increase, so look forward to even more people being sucked into the min wage vortex.
It's time that boardroom renumeration was linked to a multiple of the wages of its lowest paid employees and sub-contractors.
Society is becoming increasingly divided between those who have and the have nots in terms of the salary gap and hence living standards.
Plenty in here will trot out the same crap about how those at the top employ thousands of people and if it wasn't for him/her those jobs wouldn't exist. Of course this is complete bull. Having said that I am completely content with those that start their own business, take all the risk and become successful. They do merit the rewards.
As for those over rated investment bankers
pork911 said:
crankedup said:
Society is becoming increasingly divided between those who have and the have nots in terms of the salary gap and hence living standards.
how exactly does the width of the gap affect the living standards of those at the bottom?comparison is the thief of joy
http://www.globalrichlist.com/
otolith said:
pork911 said:
crankedup said:
Society is becoming increasingly divided between those who have and the have nots in terms of the salary gap and hence living standards.
how exactly does the width of the gap affect the living standards of those at the bottom?comparison is the thief of joy
http://www.globalrichlist.com/
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