Labour Pledges £10 Minimum Wage For Under-18S

[naomi24]

https://www.bbc.co.uk/news/uk-48234398

Sounds good – but could it rebound? Will it deter business from employing the young in favour of, in effect, getting better value for money from older, more experienced staff?

[Maydup]

Its almost unsustainable now; the consumer demands low prices but likes the sound of a £10 min wage. The result is an increase in imported goods made in countries with no min wage and reduced productivity and employment here.

[douglas9401]

Labour (Trot Division) never really got the inflationary wage rise thing.

[naomi24]

They never seem to ask themselves where the money is actually coming from, do they.

[Maydup]

Its so Hypocritical. Whether it be food, clothes, tecnology, even houses, no one is prepared to pay for UK workers on the min wage.

[gollob]

It will mean lots of people will lose jobs as firms cut back on staff

[Zacs-Master]

And any indications from Jam Tommorow central as to how this will be funded?

I do indeed think it will encourage employers to seek older staff.

It’s just a yooof vote fishing exercise.

[ToraToraTora]

better plant another magic money tree! PMSL!

[jim360]

If the government is going to legislate for a minimum wage at all, then I don't agree that it should be set at a different level for younger people. I mean, I can completely see the business logic in paying younger people less (or older people more, depending on which way you look at it), because of their relative lack of experience. But then that's a business decision, rather than a state one. Let the minimum wage be universal, and fair to all parties, and leave businesses to do the differentiation.

[douglas9401]

Tora, those trees take up too much space, we have to wait for Theresa's one to die back.
You know, the one that she paid for a handful of votes with.

[cassa333]

In NY waiting staff lost jobs and hours over the minimum wage. Predictions for long term job creation also went down in that sector.

Although it could be said that these things find their right balance. Job and hour losses are immediate but once businesses get used to the wage bill and price their goods accordingly they sort themselves out.

With a hike in wages the costs get met by purchasers so then to a degree the minimum wage needs to go up....

[webbo3]

The NHS doesn’t pay a minimum £10 P/H, when it does taxes will need to go up to pay it.

[Zacs-Master]

Depends how competitive a market you’re in as to whether your company can stand higher wages or its customers will tolerate price increases. The example you gave of coffee shops is a case in point.

[CrapAtCryptics]

Its another cheap attempt to buy the votes of the young - as they will, most likely, never be in power they wont have to budget it.

[tiggerblue10]

Looks like more outsourcing is on the cards then.

[aelmpvw]

i look forward to the interview with Diane Abbott where she explains the economics of the plan

[hc4361]

As far as possible I buy goods made in the UK, it is becoming harder and I do pay a premium, but there is only so much more that I am prepared to pay.
Even classic brands that once boasted they were proud to be fully British not make a lot of their goods abroad simply because it is cheaper.
Prices will increase if this is pushed through, not just of goods but services, too.

[Zacs-Master]

Ms Abbot is shadow Home Secretary. Not shadow treasury minister. Just sayin.

[dannyk13]

Put this alongside Corbyn's promise re student loans.

[aelmpvw]

^ she'll still want to put her two pennies worth in ...

[jno]

food and transport cost the same for young people as for old ones.