Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
The Conservatives may not be elected next time round Alexander, but if Labour are, it will show that deepening the debt and becoming like Spain and Greece with excessive Government spending, is not important to the British people.
Britain will be offering sanctuary to even more people who do nothing but take.
Roger
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
market forces roger.and its no good knocking labour for all the uk's problems.it has been building up for the last 30 years or so.so the torys have to take some of the blame as well.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Not building the debt they don't Brian. Labour took over a very strong economy in 1997.
Roger
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
if you call selling off the famly silver for auick fix for private enterprise not debt building,that was the start [tory idea not labours].
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Not sure what you mean Brian.
Roger
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Roger - Brian doesn't either.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
of course i do barry,when maggie sold off all the utilaties etc.and that was done on the cheap as well.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Roger, the Conservatives may not be elected into Government next time round if they only concentrate on spending cuts but fail to activate proper economic regeneration.
We both agree that we need something like a £10 an hour minimum wage, but can you see Gov. implementing this?
Local employment is again something we both agree on, but unless Gov. implements a local employment programme, we will continue having mass unemployment.
Therefore, the Tory party needs to do something brave, decisive, and they need to do it now, or they may well be locked out of a future government.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
I don't disagree with anything you've said there Alexander; it does need to be a balance between cuts and growth. More money in people's pockets will help the growth side and £10 an hour will help businesses, especiallty as they are not paying the extra, but the Government, instead of benefit payments/WTCs.
Roger
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Roger, there is no one in Parliament lobbying for a £10 an hour minimum wage, nor for local jobs for local people.
And yet, if these two proposals became mandatory by law, unemployment in Britain would fall drastically, and the economy would generate more employment through increased demand, as many millions of people would have a considerably higher wage.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Alex, you have obviously managed to repeal the law of supply and demand. I look forward with interest to your future work on Newton's Universal Law of Gravitation.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Peter, if millions of British workers passed from the present £6.19 an hour minimum wage to £10 an hour, they and their families would have so much more money available for essential shopping and expenses.
This would enable them to purchase more, thus increasing demand in the economy, and more jobs would be offered to satisfy the demand (providing we're not talking of importing more products from China at rubbish wages).
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
i'm sure there is a parrot posting on here,keeps reapting it self.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Two parrots now Brian.
Roger
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#32 - mass redundancies with small businesses having to pay their staff more than the bosses earn, not to mention massive inflation that wipes out any benefit.... As always Alexander you provide a recipe for economic disaster.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
We're not talking about the businesss taking the burden of £10.00 an hour Barry, but the Government paying them, instead of paying other benefits to the (working) individuals - WTC etc.
The businesses would carry on having the same wage bill because they'd be re-imbursed for that extra. There may well be other considerations to take into account and there are much cleverer people than I to do it.
Roger
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Roger - it is still inflationary, it will add massively to the deficit, it still distorts the market, it still will create differential problems, it will still mean self-employed people often earning a lot less per hour than their employees, it will still be destructive to the economy.
I have said it before Roger - the best way the government can help the low paid is to stop tax credits and to drop totally a minimum wage. plus increase the nil rate tax allowance to over £12,000 pa while introducing low flat and simple taxes.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Thank You Barry. I certainly agree with the nil rate tax allowance to over £12,000 pa while introducing low flat and simple taxes.
Roger
Guest 698- Registered: 28 May 2010
- Posts: 8,664
And who will pay the increases demanded by skilled workers on £11 an hour who feel they are worth in excess of £1 more than the tea boy?
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Barry, there is a complete disagreement here between your views on this matter and those of - probably - the vast majority of people. Some argue for an increase of the minimum wage, you are arguing for a complete stop to minimum wage and working tax credit.
What you suggest would never be agreed by any of the three major parties in Parliament.
As for inflation due to an increase in minimum wage, if within a certain limit, a slight one-off inflation reaction would be acceptable. The benefits would by far outweigh the negative aspect, as many millions of people would have a lot more money to spend in the economy.
Your theory, though, implies utter stagnation, and would see shops closing in even greater numbers as people currently counting the pennies would quite simply go financially bust and masses would sign on.
Please believe me, if a minimum wage of £6 odd went down to, say, £4 an hour, once the min. wage were abolished, that employee would go straight and sign on.
Unless they were owning their own house and didn't need to pay rent or mortgage.
Recipe for utter economic disaster and social collapse of Society!
