Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
You keep repeating that as if there was something the government can do to repair the 13 years of damage they caused.
Well, perhaps there is.
It should get rid of the minimum wage for one thing.
The graph tells us a lot about the trends. Labours re-regulating of the employment market and the minimum wage has had a huge impact on the young unemployed.
The things needed to put these problems right are totally unpalatable to people like you Keith. Perhaps it is you who thinks it is a price worth paying.
Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
Just in case you are interested Barry here is another view:
Would abolishing the minimum wage - or placing a moratorium on it temporarily - help? "There's no convincing evidence that it would," says Dr Wadsworth (Economist at LSE). Indeed, when the Institute for Fiscal Studies carried out a detailed study, it concluded that the minimum wage had had no impact on increasing unemployment. One reason - in addition to the loss of benefits from taking a job - is the belief that if wages go any lower than the statutory minimum, people cannot live on the sum offered.
Dr Wadsworth thinks that the most likely cause of the relatively high rate of youth unemployment isn't that youngsters are work‑shy or have been priced out of the labour market by the minimum wage. It is rather that the older folk already in work have accepted pay freezes, or even pay cuts, in order to stay in their jobs. The effect of that has been that employers have been able to keep on most of their workers, which is why the overall unemployment rate has been lower than expected during the recession.
But it has also meant they have not hired anyone new. New employees are almost always predominantly young. That's one reason why, explains Dr Wadsworth, the rate of unemployment among the young is now so high. Overall, he maintains it is not the unwillingness of the young to work - it's the reluctance of firms to hire them.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Some strange reasoning there Mark. If people do not want to employ the young then the correct market action is to make it more attractive to employ them. Someone between 21 and 25 has less experience than someone older who may be 'tested' in the workplace yet is subject to the same minimum wage.
The way to solve the employment problem is to deregulate. Encourage employers to take on the risks of employing people, reduce the costs and get rid of the red tape involved. The exact opposite to what Labour did over their 13 years and the result of that is in the graph.
DT1- Location: Dover
- Registered: 15 Apr 2008
- Posts: 1,116
You could scrap the minimum wage and introduce a maximum wage, defined as a multiple of the average wage. It could have some interesting, if not amusing outcomes.
*covers head and waits for hilarious right wing outrage*
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
could be that barry has sent out for "smelling salts", on your head be it darren.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Darren I would love to see the faces of Premiership footballers if that happened!
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
you wouldn't see their faces peter, just the back of their heads as they board their flights.
DT1- Location: Dover
- Registered: 15 Apr 2008
- Posts: 1,116
Me too Peter!
I don't understand why people are so happy for footballers to get paid so much. Perhaps a maximum wage would see it become the people's game once more: teams would represent localities; young people would be employed at a modest wage, to play for their team and everyone would be able to buy a season ticket (even in Manchester). To be quite honest I don't like the game, but I can see why people do.
So this idea of maximum wage could possibly get rid of overpaid footballers, replaced by our local talented players...we are solving the problem and creating jobs already!
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#24 - Economic insanity, not that I care at all about pampered overpaid footballers but if you want to drive corporate headquarters abroad along with jobs and billions in tax revenue, while imposing a Stalinist state then that is the way to do it.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
of course barry,allways the commie right wingers that get the blame.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
most premiership clubs are owned by very rich people from overseas that pump incredible amounts of dosh into this country.
destroying our football base would have dire consequences for our economy.
DT1- Location: Dover
- Registered: 15 Apr 2008
- Posts: 1,116
Are you saying that our country relies on external revenue Howard?
You mean that our choices (or those of our government) are secondary to external influence. Surely that's confusing to an average Conservative?
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
well well iv raised the issue of overpaid footballers so many times with very little or no response, yet here it is beinmg debated again.
i think others have proved baz's view on the minimum wage to be iuncorrect
the fear if it were scrapped would be the will of employers to pay just £1 an hour or whatever, which is the position we were in before the minimum wage came in
ALL POSTS ARE MY OWN PERSONAL VIEWS
