Bah humbug! - The British Chambers of Commerce (BCC) has called for the minimum wage not to be increased until "economic situations had significantly improved". The minimum wage for employees over 21 increased by 3.8% in October 2008 to £5.73 per hour. It is £4.77 for workers aged between 18-21 and £3.53 for staff aged 16-17. Obviously a huge and unaffordable amount of money!
They claim that a rise in minimum wage would not help firms hold onto staff and would simply add to unemployment
David Frost, British Chambers of Commerce (Minimum wage goes up to £5.73) said : "We're not opposed to the minimum wage going up when employment is high and the economy is doing well, but when jobs are being lost daily and a recession is in full swing, it makes no sense to increase it."
I notice that he hasn't called for restraint by Executives on the money and perks they award themselves? Surely the more the minimum wage is increased then the more likely that the economy will get moving again since those on NMW are more likely to spend and increase much needed demand?
Remember the rubbish predictions that the employer representatives made about likely job loses when the NMW was first announced? See http://news.bbc.co.uk/1/hi/uk/35036.stm
Showing posts with label British Chamber of Commerce. Show all posts
Showing posts with label British Chamber of Commerce. Show all posts
Tuesday, December 30, 2008
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