Which part of answer A or B don't you understand?
You forgot answer C.
"Companies would add to their wage bills, but would benefit through better-motivated workers and lower staff turnover".
Maybe on paper. However I'm talking about the real world. If every company adopted the living wage, this would soon become the minimum wage. So minimum wage workers would still be minimum wage workers. They would have more money to spend and most of the firms they work for would be making less money which some would find to be unsustainable.
Why not take your argument a few steps further and make the living wage £15 an hour? By your reckoning everyone would be a lot better off, spend more money and be so much happier - but the money has to come from somewhere to pay for it.
Like most of your theories, its all worked out on paper by some bloke who probably hasnt done a proper days work in his life and doesn't know how things in the real world work, and as usual there is no explanation as to who pays for it and how they raise the money.
as usual there is no explanation as to who pays for it and how they raise the money.
Barna you've got an obvious lack of experience re: point C. Money is not the key motivator for people. Trust me, I know, having given pay rises of over 10k with no benefit. Problem is you are a university educated bell end who thinks that theory works in practice .. Increase the min wage to £10 and everyone will want £12 - why? Because those who lie at the lower end of the social spectrum feel the world owes them a favour. And ***** like you only perpetuate that feeling. ******.
Barna you've got an obvious lack of experience re: point C. Money is not the key motivator for people. Trust me, I know, having given pay rises of over 10k with no benefit. Problem is you are a university educated bell end who thinks that theory works in practice .. Increase the min wage to £10 and everyone will want £12 - why? Because those who lie at the lower end of the social spectrum feel the world owes them a favour. And ***** like you only perpetuate that feeling. ******.
Actually,I'm a freelance teacher of business (and general English) with a fair amount of experience in pricing my services successfully to various different institutions,companies and private individuals.
While I would agree that "money is not (necessarily) the key motivator for people" at the top/middle end of the earnings scale, it obviously becomes much more important, the nearer you are to the bottom.
"Supporters of minimum wage accept that some unemployment will result
But you lefties are always telling us that absolute earnings are irrelevant; it is relative earnings that matter. Hence the emphasis on inequality (which is actually falling) rather than the significant real terms increase in absolute earnings and wealth. If relative earnings are the most important thing (according to you) then you cannot argue that employees will be more motivated because everyone would get a pay rise if the living wag is enforced by statute (as you want). Hence the relative earnings would not increase at all. You can't have it both ways. As for staff turnover, it is clear you don't understand how labour markets work.You forgot answer C.
"Companies would add to their wage bills, but would benefit through better-motivated workers and lower staff turnover".
As a teacher of business have you ever actually been involved in running a business? Its just a question.
I usually find the people with all the theories have never had to put them into practise.
Obviously money is important but people live to what they earn and will always want more. There are plenty of people on minimum wage who still afford to smoke for example. Should being able to afford to smoke be included in the living wage figure?
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You've admitted the living wage policy will increase unemployment so how much unemployment will that be? You are advocating a policy that will put the lowest paid out of work. If the current government did that you would argue it is a sign of an evil government looking after their rich friends at the expense of the poor. How comes you are allowed to advocate it?
But you lefties are always telling us that absolute earnings are irrelevant; it is relative earnings that matter. Hence the emphasis on inequality (which is actually falling) rather than the significant real terms increase in absolute earnings and wealth. If relative earnings are the most important thing (according to you) then you cannot argue that employees will be more motivated because everyone would get a pay rise if the living wag is enforced by statute (as you want). Hence the relative earnings would not increase at all. You can't have it both ways. As for staff turnover, it is clear you don't understand how labour markets work.
Please see ***'s excellent post (number 11 ) on this point.
I'm advocating a living wage not a minimum wage.You seem a little confused on this point.
It is of course a nonsense to claim that inequality is falling.In fact, the exact opposite is happening under this government.
How could it be otherwise at a time when prices are rising faster than wages? It is this alone-IMO-which will cost the Tories any chance of victory at the polls in 2015.
Voters anywhere and especially in the UK, don't normally vote for parties which are responsible for a fall in their real standard of living.
Now I'm not a business man nor do I employ anyone but I have two very good friends that are and do. Both are finding it very hard to make ends meet and keep the wolf from the door and both have had to 'let people go' in the last 18 months or so.
Actually,I'm a freelance teacher of business (and general English) with a fair amount of experience in pricing my services successfully to various different institutions,companies and private individuals.
While I would agree that "money is not (necessarily) the key motivator for people" at the top/middle end of the earnings scale, it obviously becomes much more important, the nearer you are to the bottom.
*** acknowledged that unemployment would increase if a living wage is introduced. You then copied ***'s comment and endorsed it. Surely you therefore agree with his point that unemployment will rise? I am asking you how much it will rise by.
i agree it is more important at that end. as demonstrated in Maslow's hierarchy of needs (see I can do theories too). Thing is, the basics are more than adequately covered by the current min wage and welfare state. Hence, money is considered more of a hygiene factor (see Herzberg's theory) for most.