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Jeremy Corbyn

Every speech from a cabinet / shadow cabinet member of any major party goes via the leaders office prior to being delivered and I would wager are often subtly altered. It just so happens that with the divisions that clearly still exist within the Labour Party that this one got leaked.
 
Visage said:
If minimum wage increases cause inflation why was there no such increase on its introduction, or at any subsequent increase?

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The retail price index would disagree with your assumption. Raising the minimum wage by as much as 50% in some cases will cause products to increase in price, that s a fact.

You could argue it will also stifle employment and increase costs as to become uncompetitive in certain markets. The policy may be a crowd pleaser for a certain section of society but it doesn't make sense to business.

I'm very lucky as it wouldn't affect mine but I'd be worried if I ran a supermarket chain.
 
Aww. Poor Amazon. Poor Starbucks. Poor Sports Direct. They can no longer rely on the government propping up low pay with in work benefits.

My heart bleeds.

And regarding inflation. Take a look at the RPI graph for twelve months either side of the NMW introduction. There's no tangible effect.

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The concept of a universal income intrigues me more than the discussion surrounding the minimum wage.

OK, because you're not means testing it, you're going to be handing it to people who don't need it. But maybe there could be the option to opt out and give your year's worth to charity. You're going to stop borderline criminalising the unemployed for existing, cut out a load of situations where people are taking jobs they hate or aren't suited to just to avoid the scythe of the DWP (mental illness isn't on the rise by accident), everyone has a basic degree of dignity, employers can't get away with offering trash jobs at trash wages, we put an end to the 'gig economy' which people are increasingly forced into, the nonsense strivers/skivers narrative is buried forever and you do away with whole reams of government bureaucracy which costs scary amounts (way more than benefit fraud costs).
 
Universal income is an excellent policy, but requires a population willing to take an informed stance. So we'll never see it.

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Deutsch Wolf said:
The concept of a universal income intrigues me more than the discussion surrounding the minimum wage.

OK, because you're not means testing it, you're going to be handing it to people who don't need it. But maybe there could be the option to opt out and give your year's worth to charity. You're going to stop borderline criminalising the unemployed for existing, cut out a load of situations where people are taking jobs they hate or aren't suited to just to avoid the scythe of the DWP (mental illness isn't on the rise by accident), everyone has a basic degree of dignity, employers can't get away with offering trash jobs at trash wages, we put an end to the 'gig economy' which people are increasingly forced into, the nonsense strivers/skivers narrative is buried forever and you do away with whole reams of government bureaucracy which costs scary amounts (way more than benefit fraud costs).
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It will only work if you scrap the NHS and health care and welfare. I like the dea of everyone having to pay and having the means to pay but it sounds a but to utopic to me
 
Visage said:
Universal income is an excellent policy, but requires a population willing to take an informed stance. So we'll never see it.

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Could you get any more arrogant? This is the problem with people well off enough to be socialist.

There was a descernable rise in cost of food and services and also a move of some industry following the introduction of the minimum wage, which I was wholly for. I am not against people not being propped up by the state but I don't see who is going to pay for the wage rise that high. Adding 30-40% onto a wage bill will simply drive some businesses to the wall.
 
Cyber-_-man said:
It will only work if you scrap the NHS and health care and welfare. I like the dea of everyone having to pay and having the means to pay but it sounds a but to utopic to me
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You're talking about 70 quid a week, of course you're not going to insist those people now have to pay for health care.

It replaces JSA, tax credits, Universal Credit etc.
 
Cyber-_-man said:
It will only work if you scrap the NHS and health care and welfare. I like the dea of everyone having to pay and having the means to pay but it sounds a but to utopic to me
Click to expand...
Why?

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Johnny75 said:
Could you get any more arrogant? This is the problem with people well off enough to be socialist.

There was a descernable rise in cost of food and services and also a move of some industry following the introduction of the minimum wage, which I was wholly for. I am not against people not being propped up by the state but I don't see who is going to pay for the wage rise that high. Adding 30-40% onto a wage bill will simply drive some businesses to the wall.
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If you're concerned about arrogance, you're the one claiming to be better informed than economists....

http://www.epi.org/minimum-wage-statement/

Perhaps they should hand over their Nobel prizes to yourself?

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Deutsch Wolf said:
The concept of a universal income intrigues me more than the discussion surrounding the minimum wage.

OK, because you're not means testing it, you're going to be handing it to people who don't need it. But maybe there could be the option to opt out and give your year's worth to charity. You're going to stop borderline criminalising the unemployed for existing, cut out a load of situations where people are taking jobs they hate or aren't suited to just to avoid the scythe of the DWP (mental illness isn't on the rise by accident), everyone has a basic degree of dignity, employers can't get away with offering trash jobs at trash wages, we put an end to the 'gig economy' which people are increasingly forced into, the nonsense strivers/skivers narrative is buried forever and you do away with whole reams of government bureaucracy which costs scary amounts (way more than benefit fraud costs).
Click to expand...

It's an interesting notion, but who does the jobs nobody wants to do and how do you motivate them to do it if there is a universal income.

There will always be those that gild the lily and those that are just plain criminal, I don't see how giving them money helps the situation.
 
70 quid a week equates to £2/hr for a normal working week. You could try living off it and nothing else I suppose but it wouldn't be especially fulfilling.

It's about making sure that as one of the top six economies in the world we don't have hundreds of thousands of people resorting to food banks, for one thing.
 
Visage said:
If you're concerned about arrogance, you're the one claiming to be better informed than economists....

http://www.epi.org/minimum-wage-statement/

Perhaps they should hand over their Nobel prizes to yourself?

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I can't believe you're stupid or arrogant enough to link an American article to the UK economy, only a fool would use that to attack another individual.

Even if you draw a direct comparison the last government raised the minimum wage above the $10.10 (in equivalent terms) level a while ago and also continues to raise the tax free threshold too, pretty much rendering your argument redundant.

That is the last I say on this as you clearly don't have the correct frame of mind to debate this evening as you are intent on insulting folks instead.
 
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Visage said:
Aww. Poor Amazon. Poor Starbucks. Poor Sports Direct. They can no longer rely on the government propping up low pay with in work benefits.

My heart bleeds.

And regarding inflation. Take a look at the RPI graph for twelve months either side of the NMW introduction. There's no tangible effect.

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Have you spent all afternoon in the pub?
 
Typical tory, attack the person not the policy 🙄
 
And Visage was the typical Labour supporter. He could not answer a straight forward question. Maybe he had to ring Corbyn first.
 
I'm not a Labour supporter, and your question was based on a false premise.

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