Quote:
Originally Posted by MTVN
The treasury estimates that the impact on jobs will be quite negligible and be far outweighed by the number of new ones that will be created in the coming years as the economy grows and the Tories pursue other business friendly policies like the cut in corporation tax. It's a difficult balance he's trying to achieve by implementing this 'living wage' (I agree that terminology is a bit flawed) while also trying to boost further their pro-business credentials. I don't imagine large firms will have too big a problem with it but small companies will. It is worth remembering though that everyone said the minimum wage would be too hard to implement and increase unemployment (the Tories themselves were saying that actually) and that never really came about in the end.
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£9 an hour is simply unaffordable for manual jobs for small businesses in the poorest parts...take a small pub you need 2 staff on during the days, that's £18 an hour x 12 hours £216 a day which is £1512 a week in wages alone for a small pub? impossible in poor areas