Tim O'Brien's Twitter Feed

Monday, 13 April 2015

£8 an hour in 2019 is not a living wage

Does Ed Milliband think a promise of £8 per hour eliminates low pay?  And that is not now but some time in the future (2019). This is already less than the living wage.

A real commitment would be to a living wage that meant no subsidy from welfare benefits, which is a subsidy to the employer and consumer by the tax payer and a distortion of the market.

If an employer cannot afford a living wage then perhaps the customer should not get the service.   Consumers would simply have to pay the full cost instead of being subsidised out of the public pocket (ie: yours and mine).  Most of these jobs are in local (UK) services so I doubt that many jobs would be lost.  But if they are then the work would be re-organised and still be done, by fewer people.  So as an added bonus, productivity would improve!   

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